GBPJPY: This might be it...GBPJPY is offering a significantly interesting short opportunity, the telltale signs are there.
If we look closely, we see that price has bounced from the biggest mode in the downtrend since 1991, and could never go back over it.
In time at mode terms, we have a very clear weekly downtrend signal, confirmed by rgmov in the daily plotting a new 2 month low. This offers a very good short setup if we get a retracement entry.
Be sure to take it!
Entry would be anything above 191.91, with a stop loss slightly above the weekly mode at 193.468 (make it say 193.568)
Good luck!
Ivan.
Riskoff
USDCAD: Tight stop short, low odds but big payoutInteresting patterns in the rgmov line and in the price chart make me think this might be a good short opportunity as the last daily time at mode signal's target has been reached, while USDCAD posted a top and didn't make a new high with price today.
I'll enter a 0.5% risk short here, the stop is only 53 pips to the next monthly resistance.
It's worth a try, if it works we can scale in on the position.
Good luck!
Ivan.
Gold: Interesting Gaussian distributionThe chart describes an interesting setup.
I'll go short now with a small risk of 0.50%, aiming for the targets below.
Time at mode signals these areas as potential targets and reversal zones, and there's interesting fibonacci confluence there as well.
The fundamental background also suggests it's possible to see this setup pan out.
Whatever the outcome of the greek referendum, I'll monitor these levels and look to cover the short in profit and go long to retest the monthly mode asap.
Good luck,
Ivan.
$EURUSD Breaks Through Ascending Triangle Bottom$EURUSD Has broken below the ascending triangle bottom and looks set to break through the Double/Triple Top confirmation level 1.0720 (4h close). Another possibility is a rally off this level and a retest of 1.050 but we think this Triple/Quad Top/Double Bottom scenario is less probable. Look to sell any rallies into the broken triangle bottom or LT channel top.