About meHi, my name is Laurent Scherer, I am currency trader and the founder of Lorbeer Investment.
For more information about the mirror trading service of LobreerInv. please visit: www.lorbeerinvestment.com
After the second round of the 2017 Frenchelections profit taking put the EURUSD under pressure. Price is now resting in the support area and potentially form a double bottom
Observing the most recent downtrend line for a rally continuation
Significant rally into the next resistance (red) provides a short opportunity around 50 to 70 pips
Price may consolidate and then continue rally or continue underlying downtrend. Either way, chances are good to chase the new 240M high that is likely to form in the red zone for another 50 to 70 pips
No matter where the market is going? With a multiple Strategy System you can create opportunity in almost any market condition.
Here, red short ABCD and orange long Gartley to name only 2 of the upcoming opportunities.
My preferred package is mid-term trend-following + short-term anti-trend + Simple & Advanced Price Pattern. ROI +/- 200 pips p.a. and per FX pair,...
Do you consider yourself a conservative trader who requires a lot of confirmation before entering? Pay attention to not enter to late!
Often, waiting for too much confirmation is like attending to an all you can eat lunch at 14h30. You pay full price but there is almost nothing left to eat.
This is such a case. Those traders who position themselves ahead of...
Preferred scenario for the summer:
USD/JPY did not made into the major support area 107 - 106´s. JPY could still show strength against the US dollar, hence I gave it a first split entry at resistance to chase the 107 low prices. However, new low prices often only come after a some kind of ABCD correction. I am typically planning a second entry on D somewhere...
At this stage longterm wave 3 & 4 are confirmed. Using the projections of the first waves in order to identify a potential wave 5 completion area and define the first entry price levels for shorting the Dax longterm. Latest minor (orange) waves are not yet clear so the initial short entry are may still change. However, even if Macron wins the french elections I...
looks like the first correction wave made it to the support zone. Most recent downtrend had increased momentum as indicated by the several downtrend lines.
Looking for a break of such trendiness in order to realize some profit on the B wave
Possible Euro rally towards 2nd round or french elections.
After the breakout of this years high prices the Euro has technical and fundamental potential to continue its rally. Especially if polls are in favor of Macron.
Looking at the most recent price action I position my PTF long after a potential triangle breakout
The EUR rallied significantly as did the Eurozone stock market, relieved by a strong ex-banker Macron result. However, EURUSD pauses at the March high price. If the rally higher and we see some close prices above 1.092´s I am would be very much pleased to see a big Bat Pattern trigger in the near mid term.