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GBPUSD down playCable is on severe downtrend since Brexit vote last summer. We are in the middle of a corrective move of recent major drop, and in the start of the probably last 5th major circle wave from the move that started since July. Now we are either in the 1st of the final big 5th wave or just in the xyz-xyz correction. I don't wanna go in further detail, lets wait if we have a big red daily candle, that will confirm our scenario. So stay alerted to sell here or higher levels, one nice entry point is the 1.2430, where lots of resistance mark up there.
Short
by gregpap
5
Dollar adjusted Gold: In depth time at mode analysisIn this chart I conducted a very detailed time at mode analysis of the monthly chart in gold, adjusted by the world's investor's perception of the dollar to give us a clearer indication of its value. Right now, the chart suggests gold might have bottomed in the intermediate to long term. This is by no means a small claim, I know, but the technicals on chart are a powerful indication of a big paradigm shift here. I'll look for bearish dollar setups from now on, I suggest you do it too. Make sure to follow me at collective2, if you're interested of leveraging my technical insights. Details are in my profile, as well as links to my track record as an analyst, forecaster and trader. Cheers, Ivan Labrie Time at Mode FX
FX:XAUUSDLong
by IvanLabrie
12
AUDUSD: Long a retracement if offeredAUDUSD seems to be reversing the long term downtrend that started in July 2014. There's only one week left in the largest mode's signal, and after exceeding the target, price formed a double bottom, and we observed a very strong rally emerge after its completion. I'll be placing pending long orders here, similarly to NZDUSD, to try and capture the uptrend if it were to materialize. If I don't get a fill, then I'll have to look for different entries. Good luck, and remember to check out my signals page at collective2.com. I offer live updates and trade management cues to minimize risk and maximize profits. Cheers, Ivan Labrie Time at Mode FX
Long
by IvanLabrie
4
GBPUSD: Potential weekly downtrend spottedWe have an interesting trade setting up in GBPUSD. The time at mode signal points to an intermediate term decline to 1.4222, that can extend to 1.39366. What's interesting about it is that the resistance above very strong and that the signal generates close to the expected Fed rate hike week. I think we might get a fill this week, and if the trade works, it will be a very sharp selloff. For assistance managing positions and entering without having to do the work, you can check out my Zulutrade page in my profile, I'll be sending trades through it from now on for convenience. Seems like a fair way for people to follow my trades without being forced to pay a fixed monthly fee (which only benefits the trader, who doesn't need to even profit from trades to make money! -red flag-). Follow me on twitter, I'll update charts here but not with trade management and trailing suggestions like before (I do need to pay bills :) ) Check out my recent TLT trade for an example of trade management. We will have few trades, but good ones if all goes as expected, the sharp selloff in the S&P500 was the start of a new trending enviroment possibly, and if that's the case, we can expect to see strong volatility, and sharp and wide trending legs for us to take. Cheers! Ivan.
Short
by IvanLabrie
13
USDCNH: Interesting intermediate and long term signalsIn this thread I'll study the relationship between the offshore yuan and other FX pairs. We have two signals here, a monthly one aiming at 6.72254, to be reached before August 2016, and a daily one pointing to a very vicious decline towards 6.23893. What's interesting here is that usdcnh seems to be a good leading indicator to trade the Aussie dollar and other Asian theater currencies, naturally. I choose AUDUSD because it's the highest liquidity one and it's part of my portfolio, but do your due diligence with this phenomenon. As for the Yuan, in the long term, it's probable to see continued devaluation of it, and an uptrend in the USDCNH and USDCNY pairs, for fundamental and technical reasons, unless there is a very significant paradigm shift that changes the macroeconomic dynamics at play. This projected selloff in the USDCNH should serve as both an interesting speculative play, and a good opportunity for individuals seeking to convert their Yuan for Dollars or other currencies as a risk off measure. Good luck sailing this volatile waters, this is a great time to be a trader, so, don't pass on the opportunities that will arise in the coming days. Regards, Ivan Labrie.
Long
by IvanLabrie
8
EURUSD: Multiple reasons to go longIf we analyze the 4h, daily, weekly and monthly charts, we will find an abundance of reasons to go long EURUSD in this region, to name a few: Dax is moving down, EURUSD normally correlated to it, lagging. Ichimoku cloud support between 1.113-1.103, and lagging line about to bounce from old price Time at mode 4h trend signals' targets about to get hit (1.1115-1.11 mark) Monthly range expansion entry, we're in the buy zone (this also signals a pending advance to 1.21397) Profile value area low area, with low volume support below at 1.1035. Pitchfork's WL support, also interesting AR lines in 4h. Fundamentals: Draghi's speaking tomorrow, and this week we have very important news events from tomorrow and until Friday. I placed a pending buy order here and will use the monthly level for the stop loss at 1.8860 in FXCM's feed, and the profile low volume support for the second entry (trade's split in half). Managing the trade is key, I'll update this via my zulutrade page. Good luck, Regards. Ivan.
Long
by IvanLabrie
16