NZDCHF Short Term Buy IdeaH4 - Potential double wave correction.
Bullish hidden divergence followed by continuing bullish divergence.
Until the strong support zone holds my short term view remains bullish here.
Doublewave
NZDCAD Short Term Sell Idea After Bearish Trend PatternD1 - Potential double wave down.
Price still has room lower towards the 61.8% Fibonacci expansion level of the first wave.
Currently there are no signs of a trend change.
H4 - Bearish trend pattern.
Currently it looks like a correction is happening.
Until the strong resistance zone holds my short term view remains bearish here.
AUDJPY Buy Idea Based On Multi-timeframe AnalysisD1- After the bullish rally we had a correction in the form of double wave down.
Price is bouncing higher from a strong support zone formed by the 61.8% - 100% fibonacci expansion level of the first wave. Bullish divergence.
H4 - Bullish convergence.
If we get a valid breakout above the downtrend line we may then expect the price to continue higher further.
EURJPY Sell Idea After Trend Line BreakoutD1 - Potential double wave down.
Price still has room lower towards the 61.8%(122.479) Fibonacci expansion level of the first wave.
Currently, there are no signs of trend change.
H4 - Bearish trend pattern followed by double wave correction.
Bearish divergence, most recent uptrend line breakout.
Expecting further continuation lower in the short term.
EURCAD Short Term Sell Idea - Multi-timeframe AnalysisD1 - Potential double wave down.
While measuring the first wave we could see that the price still has room lower towards the 61.8% fibonacci expansion level.
H4 - We have a magnet zone formed by the 161.8% fibonacci expansion level of the H4 first wave and the 61.8% fibonacci expansion level of the daily first wave.
Price still has room lower towards this magnet zone.
Until the downtrend line holds I expect the price to continue lower further after pullbacks.
EURJPY ForecastD1 - The price has created a double wave to the upside, bearish divergence.
H4 - The price which is moving lower has created a bearish trend pattern.
Currently, it looks like a pullback is happening, expecting further continuation lower after pullbacks.
GBPUSD ForecastD1 - Price broke above the first key resistance zone formed by the 61.8% (1.28281) fibonacci expansion level of the big wave and the 100% (1.29986) fibonacci expansion level of the small wave and is holding above it.
Price still has room higher towards the next key resistance zone formed by the 100% (1.32888) fibonacci expansion level of the big wave and the 161.8% (1.34490) fibonacci expansion level of the small wave.
There are no evidences that show the current trend is over yet.
H1 - Double wave down with bullish divergence.
Price has broken above the most recent downtrend line.
Expecting further continuation higher.
Oil ForecastD1 - Price reached a key resistance zone formed by the 161.8% (38.16) fibonacci expansion level of the first wave and the 61.8% (45.28) fibonacci expansion level of the second wave. Bearish divergence.
Expecting corrections to happen now.
H4 - Bearish trend pattern followed by a double wave correction.
Expecting the price to continue lower further.
ETHUSD ForecastD1 - Bullish trend pattern followed by a correction in the form of consolidation. Currently, the price has broken above this consolidation.
H4 - Bullish trend pattern followed by a double wave correction. The price has broken above the most recent downtrend line.
H1 - Bullish trend pattern, expecting further continuation higher after pullbacks.
Invalidation - If the price moves lower, breaks, and holds below the 61.8% (236.41) fibonacci retracement level of this bullish trend pattern in one straight leg then this bullish view will be invalidated.
EURJPY ForecastH1 - Bullish trend pattern followed by double wave correction.
Bullish hidden divergence.
Expecting further continuation higher until the uptrend line holds.
USDCAD Short Term ForecastD1 - We have a potential double wave developing to the downside, the price still has room lower towards the 61.8% fibonacci expansion level.
H1 - Bearish trend pattern followed by a double wave correction.
Price has broken below the most recent uptrend line and has retested it. Expecting further continuation lower.
AUDNZD Short Term Sell IdeaH4 - Double wave up, bearish divergence.
H1 - Triple wave up, We have a strong resistance zone that has formed based on the fibo expansion levels of the waves we have.
Currently the price has reached this zone, we may now look for bearish setups with more bearish evidences in order to start looking for short term sells.
EURGBP Sell IdeaD1 - Double wave down.
Price has broken below the first critical zone and is holding below it, the price still has room lower towards the second critical zone.
H4 - We may now look for pullbacks and sells with bearish evidences.
EURCAD Buy IdeaH4 - Special cycle completed, retrace happened in the form of double wave down, bullish divergence.
H1 - Bullish divergence, price broke above the downtrend line and also it broke above a strong resistance zone.
We may now start looking for buys with more bullish evidences.
EURAUD Sell IdeaD1 - Price is currently below the middle of the channel, price still has room lower towards the bottom of the channel.
H4 - Double wave down, currently it looks like a retrace is happening towards the 38.2% fibo retrace zone.
H1 - Price has reached the first critical zone, bearish divergence. Until this critical zone holds we may look for bearish setups with bearish evidences in order to join the bears.
If the price moves higher then the next area to look for bearish setups with bearish evidences in order to join the bears would be the second critical zone.
EURCAD Buy IdeaW1 - Double wave down, price reached a critical zone formed by the fibo levels of the cycles, bullish divergence.
D1 - Bullish divergence.
H4 - Bullish convergence, currently it looks like the pullback that we were looking for has happened.
We may now look for more evidences of bullish pressure in order to join the bulls.
3M Sell IdeaW1- Double wave down, price broke below the 61.8 level, until this breakout holds, we may expect the price to move lower towards the next critical area.
D1 - Bearish divergence, price broke below the bearish flag.
H4 - Price has currently broken below the last low, we may now start looking for sells with more bearish evidences.
GBPCHF Buy IdeaD1 - Double wave down completed, bullish divergence.
We may look for possible retrace to happen towards 38.2 fibo retrace zone.
H4 - We had false break with bullish divergence.
Price has currently broke above the last high, we may now look for pullbacks and buys with more bullish evidences.
EURAUD Sell IdeaD1 - Potential double wave up, price is nearing first critical zone based on the fibo levels of the cycle. Potential bearish divergence.
H4 - Price is nearing the critical zone, bearish divergence.
Once the price reaches the critical zone we may then start looking for bearish setups with bearish evidences in order to join the bears.
EURCAD Sell IdeaD1 - Price is moving inside a triangle pattern and is currently nearing the top of it.
H4 - Potential double wave up, we have a critical zone that has formed based on the fibo level of the cycle and the top of the triangle pattern.
We may now expect one more push higher from the current zone towards this critical zone with bearish divergence to form.
We may then look for more bearish evidences in order to join the bears.
CADCHF Buy IdeaW1 - Price is nearing the top of the triangle pattern.
D1 - Double wave up, price still has room higher towards the critical zone formed by the 61.8 fibo level and the top of the weekly triangle.
H4 - Double wave down, price has reached a strong support zone, potential bullish divergence.
H1 - We have a critical zone that has formed based on the fibo levels of the cycle and the support zone.
Price has reached this critical zone, we may now look for evidences of bullish pressure in order to join the bulls.
CADCHF Sell IdeaD1 - Double wave up, price reached 61.8 fibo zone and is moving lower.
We also got false break of downtrend line.
H4 - Bearish convergence, we may now look for pullbacks and sells with more bearish evidences.
Invalidation: If the price moves higher and break above the last high (marked in yellow line) with momentum then this sell setup will be invalidated.
GBPCAD Buy IdeaH4 - Price has reached the bottom of the range, if we didn’t get a valid breakout here we may then expect the price to move higher again.
We also have double wave down, price is nearing 61.8 level. Potential bullish divergence.
H1 - We have a critical zone that has formed based on the fibo levels of the cycles.
Price has currently reached this critical zone, bullish divergence.
We may now look for buys with bullish evidences.
