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Falsebreak

USDJPY Double ScenarioSell Scenario D1 - Price reaching the bottom of the range. and I believe we are going to continue lower as there is big bearish pressure. Bullish divergence forming, so we may expect the price to break below the bottom of the range and the previous lower, then a correction to happen. Once this correction completes itself, we can look for sells. Buy Scenario: H4 - Double wave down, second leg is nearing the 100 fibo expansion level which coincides with the bottom of the daily range. We may expect the price to move lower now, which might form a special cycle which is then going to create another false break, then the up move is very much possible. Once the price reaches the 50% of the range look for bearish evidences and only after we get confirmations for bearish momentum look for sells. In case if the price breaks above the 50% of the range then there is a good possibility that the price might reach the top of the range again. H1 - Alternative trendline, we may expect the price to respect it.
Short
by VladimirRibakov
USDCHF Buy IdeaH4 - We got one false break, we might look for one more false break. Price broke below alternative trend line. Double wave formed and the second leg reached the 161 fibo level and a reversal is happening now. M30 - We may now look for a correction to happen (this could be higher than the most recent low or lower than the most recent low) both are fine. After the correction once we get bullish evidences, we can look for buys. Alternative Scenario: Look for the price to provide some sort of correction and then one or two more waves down. After that once the price breaks above the middle point, we can start looking for buys.
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
EURAUD Double ScenarioD1 - False break followed by higher highs, continuing bearish divergence (no PNP divergence yet). We might see new highs with the price reaching 160.70 magnet zone but before that we might see a double wave correction. H4 - We have first leg and it looks like a corrections is happening now. once the double wave completes itself in the 100 or 161.8 fibo level, we can go long with the breakout of the most recent trend line. H1- We have double wave up and once we get a breakout of the uptrend line, we can look for sells. If you want to be conservative then follow double trend line breakout principle.
Short
by VladimirRibakov
2
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 - getting ready to sell or buyOn the chart i marked 2 circles - red and green , green will be the price zone to buy after a false break down and red will be the sell zone after a false break up. Also red zone will be the 38% retrace zone of the last move down - i didn't marked it because i don't want the chart will be to messy. Anyway, the really important idea here regardless to the buy / sell from top to bottom is the entry price opportunity for longer term buyers/sellers - eventually i think USDJPY can go to 110 zone or 112 zone ( without to much of retracement ). Best of luck to the bulls and bears :-)
by uriyaz
GBPJPY DAILYPrice is trying to break out of bearish flag pattern, but quickly came back into flag range. Watch for a daily close before looking to go short, as price is trying to trap sellers by the looks of it.. Once breakout of flag pattern, the first target would be at weekly support 147.500. If we break below this level the uptrend will be invalidated & price will most likely be heading to its daily uptrend line at around 144.100 support level. Trade with care! :)
by Profound_Ambition
AUDUSD - Looking for Intraday Longs in this ZoneI can't remember the last time I traded the Aussie. After holding previous structure highs at 81 cents I really haven't had an opportunity that interested me. Recently we've broken below those double top lows at 78 cents initially putting short opportunities on my watch list. long-term this is still the case, however the recent break above close above & the formation of the previous candles gives signs of a potential false breakout and perhap [s another move higher. (I really hope that's not as confusing as it sounds.) - Basically what I'm saying is, although I don't really have a long term bias on this pair, I'll be looking for intraday buying opportunities in the live room today. Akil "Kind of Strange That The NBA Season Is Starting So Soon...but I kind of Like it"
Long
by Akil_Stokes
19
TripAdvisor Buy IdeaW1 - Bearish cycle is near its end. We have bullish divergence and false break. D1 - Special cycle is near its end, bearish divergence has formed. Currently we have double waves to follow. H4 - False break of trendline. No breakout of last high yet. Measuring the first wave we could see a possibility of a push down also bullish divergence is forming. So we may expect the price to go deeper and then to push up. This setup is valid until the last low at 35.46 holds, false breaks can be neglected.
NASDAQ:TRIPShort
by VladimirRibakov