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AUDNZD Double ScenarioH4 - We have bullish divergence formed and most likely to see double wave correction up and one more leg down. H1 - Bullish divergence to be created which will confirm the H4 bullish divergence. Sell - Aggressive Entry: Wait for the last high (1.07) to be broken first and then we will be looking for the price to break below the trend line and then we can look for sells until bullish divergence is formed. We can start looking for buys, once we get bullish divergence.
Short
by VladimirRibakov
NZDCHF Follow UpThe breakout that we were looking for turned out to be a false break which means we might be going inside a range on the H4 chart We will be looking for shorts near the top of this potential range. As long as the last high around 0.7140 holds. This is a very possible bullish scenario Wait for confirmations or signal from your strategy! This is why don't just jump into sell trades around certain levels. Remember guys, we are in the holiday period already and many of the institutional traders are not on their desks. Which means lower volumes and ugly moves. We cannot avoid this part, BUT we can avoid getting on bad entries. The important levels to pay attention to are the highlighted zones in the screenshot above, if price decides to break above the H4 range we are following.
Short
by VladimirRibakov