EURNZD ForecastD1- Bullish trend pattern, we may look for pullbacks and buys.
H4 - Currently it looks like the pullback is happening inside a bullish flag pattern, bullish hidden divergence.
H1 - We have two important buy zones that has formed. Price has reached the first zone, bullish divergence.
Until these two buy zones hold my view remains bullish here.
Bullishtrendpattern
Ripple Buy IdeaW1 - Bullish divergence.
D1 - Bullish convergence, currently it looks like the pullback that we were looking for has happened.
H4 - Pullback happened in the form of two waves down, downtrend line breakout and the price is moving higher.
H1 - Bullish trend pattern, currently it looks like a pullback is happening, we have two buy zones that has formed.
Price has reached the first buy zone, we may now look for bullish setups with bullish evidences (evidences could be in the form of candle stick patterns, false breaks, trend line breakout etc… supporting the bullish view) in order to start looking for the buys.
Alternatively if the price moves lower then the next area to look for bullish setups with bullish evidences would be the second buy zone.
NZDCAD ForecastD1 - Bullish trend pattern, currently it looks like a retrace is happening, bullish divergence.
H4 - The retrace is happening in the form of double wave down, while measuring the first wave we have two buy zones that has formed based on the 38.2% fibonacci retracement zone and the 61.8% fibonacci expansion level and the 50% fibonacci retracement level and 100% fibonacci expansion level.
The price is currently holding in the first buy zone, we also have bullish divergence. Until these two buy zone holds my view remains bullish here.
Dax ForecastD1 - Bullish trend pattern, bearish convergence, currently it looks like a correction is happening, price still has room lower towards 38.2% - 50% fibonacci retracement zone.
H4 - Bearish trend pattern, currently it looks like a pullback is happening, until the 61.8% fibonacci retracement level holds my view remains bearish here.
Invalidation - If the price breaks and holds above the 61.8% fibonacci retracement level in one straight leg then this bearish view will be invalidated.
GWO Double Bottom 200SMA GWO has recently passed the 200MA on the weekly chart signalling a strong reversal in the price trend from bearish to bullish. after price showed a double bottom reversal, the price rebounded to break the resistance and cross over the 200SMA indicating a strong bullish trend. Price showed a similar pattern of a double bottom reversal crossing the 200MA in late 2011/early 2012 leading to a strong rally seeing the price increase almost 50% after breaking the resistance. the price target is 45-47.50 (35%)
Bitcoin Buy IdeaD1 - Price broke above the downtrend line.
H4 - Price has created a bullish trend pattern.
H1 - We have a bullish trend pattern in the H1 chart as well.
Currently it looks like a correction is happening in the form of a bullish flag, if the price breaks above the top of this bullish flag pattern we may then start looking for buys with more bullish evidences.
GBPUSD Buy IdeaD1 - Bullish trend pattern, currently it looks like a correction is happening.
H4 - Price has broken above the top of the triangle pattern, higher highs.
H1 - Bullish trend pattern, currently it looks like a correction is happening in the form of a bullish flag pattern, bullish hidden divergence.
If the price breaks above the top of this bullish flag pattern we may then start looking for buys with more bullish evidences.
USDCAD Buy IdeaW1 - After a triple cycle, currently it looks like a retrace is happening in the form of a range pattern.
Price has reached the 38.2% - 50% fibonacci retracement zone.
H4 - Downtrend line breakout, looks like the pullback that we are looking for happened.
H1 - Bullish trend pattern, we may now look for bullish setups with more bullish evidences in order to join the buys.