EURUSD: A good hedge, and a valid tradeI have a powerful signal here, bought breaking yesterday's high today. I had given up on Euro longs, and sold in disgust, which is a strong 'self-contrarian' signal. Whenever it happens, take heed, and act with haste after the market breaks a previous day high or low, since your exit. If you don't take the trade back, you will probably face one of those times when you exit a trade at the bottom, to then see the trade go your way without you...so, why face that irritating feeling?
Fade yourself, when we're emotional, we're a reflection of the 'herd'. Fascinating huh?
Good luck,
Ivan Labrie.
France
EURUSD BIG SHORT1) Technical: Elliott Wave
2) Fundamental: Ref (www.investing.com) "Recent polls show Le Pen in the lead even in a race without Bayou, but Bayou is proposing an alliance with Macron and investors are hopeful that this would reduce Le Pen’s chance of victory. Scandal-laden Filion is still ahead of Macron so at the end of the day, we’re not sure how much difference a Macron-Bayou alliance would make. Le Pen’s popularity rose after riots over an alleged police rape spread across the suburbs of France. Her anti-government/terrorism/immigration/EU views are gaining traction but major news agencies are describing a victory by this far-right candidate as the next major political earthquake. It would usher a new wave of protectionism in the Eurozone’s second-largest economy, which could threaten the very fabric of the Eurozone community. For these reasons, we believe gains in EUR/USD will be short-lived."
Long EUR / JPYThe prospect of a likely victory of market friendly candidate in France (Macron) would redirect attention to ECB policy normalization and imply a bullish impact on EUR in the middle term. However a victory of Le Pen would drive to an signficant bearish impact on EUR in the short term and support the YEN, as this currency is a big beneficiary of risk aversion. The other main risk of this trade is a strong risk aversion globally that will propell the YEN.
working the 12000 mark The dax has been retesting the 12000 mark in the wawe of usd growth following trump speach before the congress . That the Pivot point beetween making new high and confirming the uptrend or it s going to range for a while and then going back down . Seeing the dax working this level would make belive that something its going to decide for it's faith , either way , anyway for our type of analisis beetwen market , these market is interesesting , seing how it open will be very interessing . IF the market decide to range , it would for very nice scalping type of market , for scalping and intraday directional strategie .
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nice short headed , or some political long before french electioe/u had very nice run friday afternoon during new york session , and gain more than a 100 pips wich is volatility we have not been seeing for some time . in a near future ( 58 days and counting ) first round of french election is going to weight a lot on the euro and might be the catalysis we all where looking for some time , but until then we very much could be looking to a strenghting of the euro . or a range beetween 1.04 1.07 will wee how it open on sunday . But seeing the burst on gold on friday i could easyly see at least a run to the 1.0662 1.07 area . But will see on sunday how it goes .
Air France-KLM takes offLast thursday AFP reported earnings for Q4 2016. The market took it well and the chart shows a breakaway gap on high volume (not visible in chart as this is volume data from ChiX, not Euronext where most trading takes place). The breakaway followed a higher bottom at 4.80, which is also a bullish sign. I entered a long position after open on friday with a stop at 5.70. A close below 5.70 would be considered a false move. First goal is to break the declining resistance line.
GBPUSD: Waiting and watching closelyGBPUSD is really interesting here, with potential upside, together with the dollar, if Brexit ends up being a positive in the long term. It has a lot of shock value, and I'd like to play it like a contrarian once viable. Right now, I think we can have a repeat of the 2009 bottom, and a big sideways range, but first we could see a rapid short squeeze rally, and a retest of the Brexit day range, or even the top of that day's range. I'm looking to go long on dips, for the most part, and perhaps look to short EURGBP when viable, or long GBPCHF.
If we do get this scenario, we could see a massive rally shortly after the Brexit votes are out of the way. Lots of potential volatility revolving around French elections and other developments in Europe as well, so I'm watching with keen interest.
The daily chart has a downtrend and two potential targets, Range Movement is in a strong downtrend, but also suggests sentiment is at an extreme, in speculative bearishness, so, we could see a rapid squeeze of the shorts soon. I'm vigilant, and monitoring the daily developments to fade the extremes.
Good luck,
Ivan Labrie.
CACHello My friends!
French index CAC
Just Little fundamental analis:)
Oland dont meet with Putin.
France dont make money on Mistral deal and Poland asked Ollande "not hysteria" because of the failure to buy
helicopters from France.
Just disappointment.
But in technical analysis need go up until lvel 78.6 and after fall
I think market will start fall in December - January.
Total (FPP) : Open short ! The major resistance blocks buyersThe french blue chip Total (FP, 111b € of Market Cap), from the oil industry, is inside a bearish dynamic since June 2014. This is characterized by lower tops and lower bottoms.
Currently, the buyers seemed to have taken back the advantage, but the Major resistance area at 45.00€ is still preventing the stock from going higher . As long as this level is not passed, the long term trend such as the mid term one will remain bearish. The 200 days Moving average shows that Total is still inside the downside direction ; it does not reverse durably.
For the blue trendlines : I always consider horizontal levels as the most important ones for trading ; the blue trendlines are just to show the pace of dynamics. A breakout of this type of line is not a sufficient indication to make a trade.
Because we are still in a bearish trend , with in addition to that the proximity with a major resistance area , it seems to be a great opportunity to open a short trade at the current price (44.15€ approx.) :
- stop @ 45.20€
- first target @ 43€ (to close 50% of the position) (Reward/Risk = 1.09)
- second target @ 41.60€ (to close the other 50% of the position). (Reward/Risk = 2.42)
Don't hesitate to share your view about this stock in comments !
CAC40 : The rounding tops show a bearish momentumThe CAC40 is consolidating between 4300 and 4520 pts since the middle of July. The US indices are currently showing weaknesses, and so does the french equity market.
The resistance area at 4550, doubled with the other one at 4520, definitely constitute a barrage for the buyers to go higher. The bearish forces are getting a bit stronger as weeks pass, as shown by the rounding tops. The long term moving average (200 days) remains decreasing, which highlights the downside underlying trend.
The first steam to break is the ascending trendline (blue). The current price at the CAC40 is high enough to initiate a short position :
- Short @ 4460
- Target @ 4315
- Stop @ 4520 (just above the first resistance)
EWQ: France ETF long term time at mode analysisWe have downtrends in all timeframes except the daily in the France ETF. Currently price is about to break below the yearly downtrend mode, which if it happens could start a big slide down. The daily suggests a short is optimal here, risking a rally to pre-Brexit highs at 24.70, targets can be initially the monthly one at 19.22, but eventually this could evolve into a drop into single digits if the yearly downtrend signal takes over. Target is precisely 8.77, and is well within the confines of possibility, but not yet confirmed.
The monthly setup is already valid, so, feel free to go short.
Send me a private message if interested in the CAC40 CFD setup.
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Cheers!
Ivan Labrie
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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.
CAC40 - At a Critical Long Term Inflection Point!!Looking at the Monthly chart of the CAC40 you can clearly see its heading into a Wall of Resistance. Fibonacci cluster, LT T-Line Resistance, Wedge Resistance and Price resistance. This is the real test for the CAC40 bulls. Clearly the bulls have the QE wind in their sails but it is PARAMOUNT that they confidently clear the Brick Wall. Tentative Elliott Wave Count on the chart suggests that this is an ideal end of wave target for a Wave C of B (Cycle degree). Definitely one to watch as the DAX (another major beneficiary of QE) is looking to be completing a Wave 5 of C count as well.
CAC 40 continuation pattern awaiting validation!!CAC 40 has seen some profit taking over the past couple of weeks and has formed an inverse H & S continuation pattern that is awaiting validation. A successful break and consecutive 2hr closes above 5104 could see the CAC head towards its measured target of 5277. Failure to validate the pattern and break below 5k is a bearish development that should see continued losses towards 4932 and potentially 4856. Holding a long view currently as long as 5k holds.
EURUSD SWING SHORTSHORT SWING TRADE
he EURUSD is in a really good trend right now.
It has been in this range on the 60m chart for the last 3 weeks trending lower.
I think that this is a good trend and will be trending this way for the next week in the very least. The average trade swing length is roughly 36-60 hours with an average swing of about 100 pips.
I will be going in and out of this trend SELLING ONLY (I don't feel comfortable buying this at all should it fall lower)
This should be incredibly interesting to watch.
Trigger Trades - Precision Trading
CAC40 outside bearish week, expect continuation move next weekEuropean indexes ended the week lower first time for the last two months — something to take notice. French index CAC40 was the worst performer, broke its accelerated trend line and closed below 8 EMA. It will be healthy to see some type of consolidation after the big move up with a potential intermidiate target at 4,264 where 50 EMA is situated. But first it should break down 21 EMA. If buyers want to continue to control price they will defence the break out point of 4,500.