Next Buy IdeaW1 - Special cycle completed, followed by bullish divergence and bullish convergence.
We can now look for pullbacks and buys.
D1 - Price created lower lows for double waves down. Both 61.8 and 100 level has been reached by the same candle. Bullish divergence created.
Uptrend line coincides with the zone where the fibo levels 61.8 and 100.
If we can get a breakout above the zone marked in the screenshot, we can then look for buys.
Bullishconvergence
Motorola Buy IdeaD1 - Price moving inside a channel and currently at the bottom of this channel. We have double wave inside the cycle which has now reached the bottom of the channel. Now we want to look for confirmations of bullish reversal.
H4 - Price bounced from the magnet zone and also we have bullish divergence.
H1 - We have two waves down, we can go long with the breakout of the most recent trend line. Our final target will be the top of the channel.
Conservative approach - Wait for the breakout of the last high.
Aggressive approach:
M15 -- We have bullish convergence, wait for two waves down and then go long with the breakout of the most recent trendline. This is valid until the price respects the last low.
Ngas short opportunity Outlook Ngas on Friday prices dropped in a downtrend (a bearish bias) through trendline support near Fibo 0.618 level which is now seen as Resistance at 2.92. Support is seen near 2.86 Fibo 1 level
As we can see on the 1hr Chart Momentum is bullish and technically I will be looking for a retest / pull back sell.!!
Have a nice weekend
EURNZD Ready for a bullish move?D1 - We have bearish divergence followed by bearish convergence, a classical setup.
Currently pair is under bullish pressure from the bullish divergence and we should see a correction up.
H4 - Bears are under a lot of pressure put by bullish divergence.
We can start looking for buys once we see a break above 1.54.
In this scenario, suitable strategies would be the Crystal Ball, Forex Libra Code and once we start getting signals from sRs and Triple B, we can include them as well.