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Doublewave

EURNZD Sell IdeaH4 - Double wave up, second leg is developing we may expect the price to reach the magnet zone. H1 - Small double wave up forming. Currently a flat correction is happening and we may expect one more push to the upside with bearish divergence to form. Once the price reaches the magnet zone we can go short with the breakout of the most recent uptrend line. Aggressive Setup: If you want to be more aggressive then look for the last part of the H1 double wave up on the M15 chart to reach the magnet zone with bearish divergence. We can then enter this trade with the breakout of the most recent uptrend line.
Short
by VladimirRibakov
AUDJPY Sell Idea Update and Follow UpH1 - Price broke out at the top of the range and is at the critical zone and it looks like a bearish reversal is happening from here. Once we get confirmation of bearish reversal, we can start looking for sells. Alternatively we also have a double wave up and the second leg of this double wave is in the critical zone. Hence we may expect a bearish reversal to happen from here and once we get confirmations, we can look for sells. M15 - We got double wave up, price is inside critical zone and looks like a bearish reversal is happening. Once the price breaks below the uptrend line, we can start looking for sells. You can follow this scenario if you want to be a bit more aggressive.
Short
by VladimirRibakov
Bayer Buy IdeaW1 - Double wave down, Price moving higher after reaching critical zone. Bullish divergence formed. D1 - Special cycle completed, we may expect the price to reach 50% retrace. H4 - False break on the bottom and also a false break on the top with convergence. Possible push to upside or at least in a corrective range. As long as the low at 102.11 holds, we can look for buys until price reaches 38.2% and 50% of daily special cycle. H1 - If we get a break above 104.84 and creates higher highs, we can then start looking for buys.
MIL:1BAYNShort
by VladimirRibakov
EURCAD Sell IdeaW1- Price reached amazing resistance zone. We might see one more push to the upside as long as there is no trend line break. D1 - Price bounced exactly from the zone I expected. H4 - Bearish Hidden Divergence, two downtrend line has formed. 151.40 level should hold. H1 - Two small double waves forming a bigger double wave. Price has reached a crucial zone. Once we get confirmations of bearish momentum in the form of false break with bearish divergence, wait for a trend line breakout and then look for sells. Conservative approach - Follow double trend line breakout principle.
Short
by VladimirRibakov
Ripple Buy IdeaD1 - Price is exactly at the 50% correction. I believe that we might be seeing the bottom very soon, then I expect the price to recover. H4 - Double waves down, the price might move higher from here or we might get one more push to the downside and then we may expect the price to move higher. Aggressive Approach - Join the bulls once the price breaks the downtrend line. Conservative Approach - Once the price breaks the downtrend line and the most recent high, we can join the bulls.
BITSTAMP:XRPUSDShort
by VladimirRibakov
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AUDCAD Buy IdeaW1 - Price moving inside range and is at the middle of the range. Price has also respected the previous spike. D1 - Bullish divergence followed by bullish convergence, we may now look for pullbacks and buys. H4 - Double wave down, we may now expect the price to move higher. Once we get a breakout of the downtrend line, we can join the bulls. Alternatively if the price moves lower and creates another double wave down, then look for the most recent downtrend line to be broken in order to join the bulls. Note: Until the level at 0.9580 is holding, we can look for buys.
Short
by VladimirRibakov
NZDCAD Double ScenarioH4 - Price broke above 0.8930. Second leg of the double wave is around the 100 fibo level, we may expect a bearish reversal to happen here or from the 161.8 fibo level. Once the reversal happens we may expect the price to move lower until it reaches the 38.2% retrace of this double cycle and then we can go long with the breakout of the most recent trend line. On the short term we can look for sells and on the long term we can look for buys. You can use any setup and strategy that you have in your arsenal to look for bullish and bearish moves and join this short term sell trade and long term buy trade.
Short
by VladimirRibakov
NZDJPY Doube Scenario Buy Scenario: H4 - Triple cycle up completed, now we may expect double wave down and once it completes itself we can long with the breakout of the most recent trend line. Sell Scenario: D1 - Price is respecting down trend line, hidden bearish divergence formed. If we didn't get a valid breakout of this downtrend line, we may expect the price to reach the last low or may be even new lows to be created. H4 - As long as there is no confirmation for the opposite direction, we can look for short term sells with the breakout of the most recent uptrend line.
Short
by VladimirRibakov
NZDCAD Buy IdeaD1- After double wave down, price is moving inside a pattern. We have got two false breaks and bullish divergence. H4 - We may expect double wave to form with price reaching the bottom of the pattern and then we may expect a bullish reversal. H1 - We may expect triple cycle down, which will also form a double cycle on the H4 chart. We have a perfect magnet zone that has formed. Once price reaches this magnet zone we may expect a bullish reversal to happen and we can look for buys.
Short
by VladimirRibakov
USDJPY Sell IdeaD1 - Price bounced from top of the range, bearish convergence created. H4 - Triple cycle down followed by false break with divergence. If we get a double wave up to the 112.30 – 112.80 zone we can start looking for sells. Alternatively on the H1 chart if we get a triple wave up followed by double wave down, we can look for buys with the breakout of the most recent trend line, if we get that then make sure the risk reward is good aiming the target as the 112.30 – 112.80. If the risk reward is not good then ignore this buy trade.
Short
by VladimirRibakov
Gold Buy IdeaH4 - We got double wave down after bullish convergence. We can go long with the breakout of the most recent trend line. Conservative Approach: Wait for the most recent high to be broken creating potential bullish convergence and then go long after correction. Alternative Scenario: D1 -Potential double wave forming. Uptrend line coincides with 61.8 Fibo of the first wave creating a crucial zone. We also have divergence forming. Once the price reaches this zone, we can start looking for buys.
TVC:GOLDShort
by VladimirRibakov