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BTCUSD: Update - Previous setup results were good, careful nowThe chart shows the currently active bullish setup on the weekly chart, as well as the important support levels below. We should pay attention in the coming days, since I think we will see a retracement soon. As long as we're producing weekly highs every 5 weeks, we're in a strong uptrend, specially while sitting above the weekly mode, from where a 18 week rally launched in time at mode terms. Next step would be to look for retracement entries to go long, unless the bullish setup gets invalidated. The aggressive entry location would do for a good entry, but the stop loss is considerably wide, that's why I label this chart as neutral. I'll update it if a new setup worth your attention shows up on the daily and weekly timeframes. Cheers, Ivan.
BITSTAMP:BTCUSD
by IvanLabrie
13
GBPJPY: This might be it...GBPJPY is offering a significantly interesting short opportunity, the telltale signs are there. If we look closely, we see that price has bounced from the biggest mode in the downtrend since 1991, and could never go back over it. In time at mode terms, we have a very clear weekly downtrend signal, confirmed by rgmov in the daily plotting a new 2 month low. This offers a very good short setup if we get a retracement entry. Be sure to take it! Entry would be anything above 191.91, with a stop loss slightly above the weekly mode at 193.468 (make it say 193.568) Good luck! Ivan.
Short
by IvanLabrie
13
USDCAD: Tight stop short, low odds but big payoutInteresting patterns in the rgmov line and in the price chart make me think this might be a good short opportunity as the last daily time at mode signal's target has been reached, while USDCAD posted a top and didn't make a new high with price today. I'll enter a 0.5% risk short here, the stop is only 53 pips to the next monthly resistance. It's worth a try, if it works we can scale in on the position. Good luck! Ivan.
Short
by IvanLabrie
20
Gold: Interesting Gaussian distributionThe chart describes an interesting setup. I'll go short now with a small risk of 0.50%, aiming for the targets below. Time at mode signals these areas as potential targets and reversal zones, and there's interesting fibonacci confluence there as well. The fundamental background also suggests it's possible to see this setup pan out. Whatever the outcome of the greek referendum, I'll monitor these levels and look to cover the short in profit and go long to retest the monthly mode asap. Good luck, Ivan.
FX:XAUUSD
by IvanLabrie
29