We can go long EURUSD at market price, and add if we get a dip to 1.1404, stops should be at least below 1.1348. Targets are continuation of the weekly Time at mode uptrend I had forecasted a long time ago. We have broken a key resistance level and plotting a weekly and monthly close above said level, so it's highly likely to see immediate continuation into the highs. My targets are on chart, both time and price wise, and funnily enough, the time target matches the potential June rate hike the Fed has hinted at recently. Once we hit the top target, we could expect a retracement or strong reversal, depending on the fundamental events to come.
If interested in my trading signals, 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.
Komen
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Link to Tim West's chatroom: 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.
Komen
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My previous monthly forecast...currently en route.
Komen
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Join my live stream today. I'll do a broad market coverage and discuss a few setups. Starting at 7pm, GMT-3: youtube.com/watch?v=dFRgg2WwgyQ
Komen
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Please leave a comment below if you took this trade. (you might want to close half now too)
Komen
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I sent a signal to long at today's open to my trading group. We're using a stop under 1.1218.
In at 1.14641, out a bit early at 1.15264. Profit is profit, thanks Ivan!
IvanLabrie
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Awesome, glad to hear.
IvanLabrie
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One thing, if you enter, risk half initially, in case you can add on retrace. Use the same stop for both trades, and give the trade some breathing room.
The stop I reccomend on chart, is the tightest possible, but you could go for a more conservative one too (or take both a tight, and a wide stop entry splitting position between both)
IvanLabrie
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Oh, one more thing: If you don't know how to determine position size, don't trade!!! Ask me first.