IvanLabrie

IvanLabrie

In this chart we can see how the NZDCHF and NZDJPY pairs have behaved over time. Correlation has been negative in some cases, giving place to a hedged carry trade setup, if taking solid long entries. I decided to take on a longer term trade, by opening two long trades risking 5% of my whole account to get an expected 100% return from interest alone after a year,...

IvanLabrie

It seems like Bitcoin has built a 5 quarter base, and rallied for exactly 5 quarters before starting the current slow downwards grind. Right now the outlook is neutral, but as soon as we see an impulsive decline, I expect it to develop into a strong downtrend, targetting the 86 dollars mark. Mining induced inflation is slowly killing the BTC price, which shows a...

IvanLabrie

I'm long EURJPY from 148.55, SL at the .214 fib, tp at 1.272 for target 1, and 1.414 for target 2. News pushed the price down, but it got rejected at a previous area of accepted value so I decided to long this pair. Good risk reward ratio, see you at tp folks ;)

IvanLabrie

This pair has shown it found value around the options expiration line below price as I type this. I expect it to retest said line, to then move higher up, reaching the previous week high at the very least. Look for a solid directional move up on the NY open tomorrow as confirmation, for now a limit buy at or around the options expiration line should be a good idea...

IvanLabrie

Cable has been revolving around two key levels, a recurrent price level in the daily chart, as well as the options expiration line from Tim West's Key Hidden Levels indicator pack. Both lines have slowed price down initially, to then reject it on retests. Price overextended on the lows recently, in a pretty forceful and steep manner, so a correction is...

IvanLabrie

There is a key level above the price, trend is bearish and the indicators agree on the direction the market's moving. The options expiration line above and a fix rate level serve as overhead resistance, to measure risk from. Target is 2 ATRs down, closing half the lots at 1 ATR profit and moving stop to break even by then.

IvanLabrie

BTCUSD futures showing bullish inclinations, short term target is 439.16 in 7 days or less. If price fails to reach that target in 7 days, bias would turn bearish and a short position could be initiated. Likewise, if price were to retest 371.03, a reverse order would be opened, per the chart. For now, target 1 is 395 and target 2 is 439.16 with a stop at...

IvanLabrie

There is a possible 5 week uptrend setup in the making. See the analysis on the chart, upside targets are 444.86 and 472.24. If the setup were to fail to reach these in 5 weeks, bias would be bearish, and would suggest a decline into the 340.70 as first target, little support below that level.

IvanLabrie

In this chart we can see what appears to be an ending diagonal triangle or Wolfe Wave pattern forming as a signal of the market's exhaustion on the long side, which will call for a return to a more fair price level, and a continuation of the dominant trend eventually. For now, I'll wait for entry signals in this turbulent market and watch how this geometry unfolds...

IvanLabrie

We are witneseeing longer term long position inventory liquidations by the holders who opened at or around August 18. Based on the move away from fair value that LTC is displaying and the weakness manifested in BTCUSD as well, I conclude that this pair will take a beating and reach new lows. My forecast is a halving of the previous accepted value, so targetting...

IvanLabrie

Once we see a weekly close below the cloud, we can get ready to short this pair. Entry can be from the daily, on a pullback, stop over 1.6045. Target would be the area below 1.558 and its whereabouts. Trade will get invalidated if we cross above 1.6045.

IvanLabrie

I spotted a correction in NZDUSD, the pair has been trading sideways for a couple of weeks now, and in general the trend isn't strong in one particular direction, so I advise caution with this trade. I'll re enter short after the next weekly close, since I've been stopped out by a sudden price increase. Key levels are the green and red dotted lines, a breach of...

IvanLabrie

Well, it's Friday and wanted to test something out. Have a great weekend people!

IvanLabrie

As we see on this study, cable has been trending down, and recently engaged in a lateral price pattern that's taking out a lot of retail traders who entered longs or shorts with bad timing. This movement calls for an explosive breakout, and I'll be watching for the beginning of it to capitalize on the move. My target is a daily close below the resistance line,...

IvanLabrie

Similar setup to my GBPJPY trade, risk/reward looks very good in this one. Stop one ATR over the entry, price already breached the previous highest low bouncing off a strong resistance zone. I'll cover once price hits my targets, setting up a break even stop after hitting the first target, or reaching CCI values below -100-200. Trade safe gents, Ivan.

IvanLabrie

Sadly for our British friends, the title of this chart is a well known gastronomical fact... Now, all jokes aside, let's get down to business. In this chart we see the interesting indicator published by Chris Moody, highlighting days of the week with the colors of the rainbow (per Tim Westian suggestion), and also, inspired in his observations, I noticed that the...

IvanLabrie

The pattern that's formed in this chart would make sense with the recent bullish moves in aud, but I'm on the fence on taking it. I'll wait one day for confirmation before jumping in. Publishing it for future reference.

IvanLabrie

In this chart we can see a high and tight flag breakout, the entry offers a pretty low risk setup after we confirm after today's close, and tomorrow's price action. I'll look for an entry then, stop at 3 ATRs initially, and then set to break even after selling one of two batches. Target would be at 0.965, but might move way higher than that. Already in the mood...