EURUSD has confirmed my thesis, and is now rallying after the G20 meeting key level held.
We have to see if the Brexit key level is breached, which if it happens, will send the Euro to the 1.1163 handle, and perhaps slightly higher.
Additionally to these developments, derived from price action around fundamental events, we can also observe the 'Time at mode' signals on chart, and come to the conclusion that we will see rallying from here onwards, since the recent daily setup failed to proceed to the downside. By this week's close, the weekly trend will turn up if we see a close above last week's high, so, we'll most likely observe a counter trend rally, from the perspective of the monthly, which seems to be the timeframe in control in EURUSD.
On the topic of the monthly, which -if we favor top down analysis- is the timeframe in control of the main trend, and thus, the most spectacular and long lasting moves, if the month closes under 1.1216, there will be confirmation of a downtrend that aims for prices below parity in the long term. Hold longs for the time being, we will flip short at the top.
I'm long EURUSD from 1.1022, with stop at 1.0952.
Check out my updated track record here: pastebin.com/6CyyqnPT
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
We have to see if the Brexit key level is breached, which if it happens, will send the Euro to the 1.1163 handle, and perhaps slightly higher.
Additionally to these developments, derived from price action around fundamental events, we can also observe the 'Time at mode' signals on chart, and come to the conclusion that we will see rallying from here onwards, since the recent daily setup failed to proceed to the downside. By this week's close, the weekly trend will turn up if we see a close above last week's high, so, we'll most likely observe a counter trend rally, from the perspective of the monthly, which seems to be the timeframe in control in EURUSD.
On the topic of the monthly, which -if we favor top down analysis- is the timeframe in control of the main trend, and thus, the most spectacular and long lasting moves, if the month closes under 1.1216, there will be confirmation of a downtrend that aims for prices below parity in the long term. Hold longs for the time being, we will flip short at the top.
I'm long EURUSD from 1.1022, with stop at 1.0952.
Check out my updated track record here: pastebin.com/6CyyqnPT
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
تعليق:
$EURUSD had difficulty crossing the Brexit key level on chart but is now marching towards the next key level above:
if it breaks 1.1163 with confidence it'll approach the next daily swing high where a ton of stops reside, or potentially the monthly mode at 1.1216
تعليق:
Euro pegged against the G8 key level. If it breaks under today's low after the close it could be a short.
تعليق:
I entered short at the monthly mode resistance, 1.1215, half risk and stop above 1.1425.
تعليق:
Price found support after hitting the Brexit key level. I got out of shorts but didn't go long this time. I'm looking to see how the Euro acts when approaching the levels above. I'm interested in EUR cross pair trades though.
