We do see a strong inverse head and shoulder breakout on the weekly chart, however, still it is premature to say that a major trend reversal has happened. This is because the descending trend line drawn from the Feb 2013 and Dec 2013 high is yet to be breached. Once breached on the weekly chart, the bulls could call a long-term trend reversal. Note – Failure...
The weekly chart of the Nymex Iron Ore futures shows a bullish inverse head and shoulder breakout. This is a clear reversal pattern…especially since the inverse head and shoulder has appeared at the bottom of the 5-year long downtrend. The bullish break is good news for the Australian dollar (AUD) given the close correlation between the two. Increased odds of...
The trend is now up, and we have a weekly 'Time at mode' signal pointing to 22.59 as the target. Risk is a drop under 19.37. You can buy dips, or speculate on copper, or on FXA or AUDUSD as well. Steel/Iron ore is also looking great, which makes this a sure buy. Shares of X or STLD would be a nice buy as well. Good luck, Ivan Labrie.
We have a nice potential trade setting up in AUDCAD. The uptrend has been quite strong, and retesting this key level gives us good reason to reenter longs. This week I'll post some of the trades I send to my signals clients, stay tuned for more. Check out my updated track record here: pastebin.com If interested in my real time whatsapp alerts and swing trading...
All indicates Primary Wave 3 is in its early stages for VALE5
We have a pretty clear shorting opportunity in X. I had succesfully shorted it before, you can see my previous post in related ideas. Fundamentals weigh heavily in steel right now, and the technicals in this chart are compelling, so I reccomend entering shorts under 16.33, with stops above 17.10, and target at least a retest of the recent lows, but we could break...
I went long recently, 2 days ago, but closed earlier today. I'm reentering longs here, you can either use a stop at the suggested price on chart, or under the recent swing low, or based on ATR. I leave it up to you. There's a chance for price to resume the uptrend, so I'd let the trade breathe until we can confirm that is what's going on. Entering at market is ok,...
After seeing The Working Trader's idea I figured I could attemp a pair trade in this pair, to take advantage of the interest rate differential in both EURUSD short and AUDUSD long. The entry will be a market order, but I'd have to see how the markets open tomorrow, I will update the chart by then. For now, keep in mind that for pair trades, I aim to open a big...
Watching for potential move resumption of the bearish trend. If the target above isn't reached in time, or is reached ahead of time, we can consider taking a short entry under the highest low. Will update with an entry.
The levels on chart are very significant, as evidenced by the price action around them, and how the trend signals targets and timing of said trends respects time at mode guidelines. I identified the end of a quarterly downtrend, in time, byJune 30th, which isn't far ahead, and a new quarterly downtrend signal that points to further declines in the long term, with...
Analysis on chart + neowave wave chart (weekly plot) + a new indicator I coded. See related ideas for the code. Good luck! Ivan.
Ok, some traders noticed this vertical advance and want to short it. I do too, but not for now. I'll wait for confirmation before going short, but it looks like a potentially very good trade. It's reassuring that we are at the start of a new quarter, and many trends will start to reverse, and many pairs will come out of consolidation patterns as money managers...