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Bearishconvergence

USDCHF Sell IdeaW1 - Price is moving inside a triangle pattern, price still has room lower towards the bottom of this pattern. D1 - Bearish convergence, currently it looks like a pullback is happening. H4 - We have two critical zones that has formed. Price has currently reached the first critical zone, bearish divergence. We may now look for more evidences of bearish pressure in order to join the bears. Alternatively if the price moves higher then the next area to look for sells with bearish evidences would be the second critical zone.
Short
by VladimirRibakov
EURAUD Buy IdeaD1 - Bearish convergence. As per the book scenario we may now expect a pullback to happen. We may now look for evidences of bullish pressure on lower timeframes in order to trade this pullback. H4 - Two bullish divergences in a row. If the price moves higher and breaks above the high (marked in green line), we may then look for pullbacks to happen with bullish hidden divergence to form (either on the H4 chart or on the H1 chart). We may then look for buys with more bullish evidences. We may look for buys until we get any opposite signs.
Short
by VladimirRibakov
Oil Double ScenarioW1 - Bearish convergence, we may now expect pullbacks to happen and then we may expect bearish continuation. H4 - Two false breaks with bullish divergence. We may now expect the price to move higher and break above the critical zone, we may then expect pullbacks to happen with hidden bullish divergence to form. We may then start looking for buys with more bullish evidences. We may look for buys until we get opposite signs. Once we get bearish evidences then its time to switch over to sells.
TVC:USOILShort
by VladimirRibakov
DAX Sell IdeaH4 - Price reached the 38.2% - 50% retrace zone of the special cycle, bearish divergence. Price broke the uptrend line. H1 - Bearish divergence, bearish convergence. We may now expect a correction in the form of double wave or a flat correction in the form of range. Once this correction completes itself we can start looking for sells. Invalidation: If the price moves higher and breaks above the last high then this setup is invalidated. Note: The aggressive approach is already active here with the breakout of the H4 trend line.
FOREXCOM:GER40Short
by VladimirRibakov
NZDCAD Sell IdeaD1 - Price reached the magnet zone, bearish divergence forming, we may expect a reversal to happen soon. H4 - Price broke above the range and reached the magnet zone. We have bearish divergence, we may now expect the price to create bearish convergence and then look for a correction. Once the correction completes itself, we can join the sells. Aggressive Entry: H1 - Bearish divergence. If you want to be more aggressive then you can start looking for sells once we get a valid breakout of the uptrend line.
Short
by VladimirRibakov
GBPJPY Sell IdeaW1 - Price is nearing the magnet zone formed by the 50% fibo retrace of the special cycle and 61.8 fibo extension of the double cycle. Once the price reaches this magnet zone we can look for sells. D1 - Bearish convergence formed, we may now look for pullbacks and sells. H4 - Lower lows, we may now look for a flat correction in the form of a range or a double wave correction. If it is a double wave correction we can look for most recent trend line break and then look for sells. If we get a flat correction, we can look for breakout at the bottom of the range and then look for sells.
Short
by VladimirRibakov