Get started

Magnetzone

GBPNZD Sell IdeaD1 - Price is at the middle of a bullish channel, bearish divergence forming. We may now expect the price to move higher until it reaches the top of this channel and a bearish reversal to happen from there. H4 - We have a magnet zone based on the top of the daily channel and the 100 fibo extension level of the two double cycles. Once the price reaches this magnet zone, we may look for evidences of bearish reversal and then we can go short with the breakout of the most recent uptrend line.
Short
by VladimirRibakov
Silver Buy IdeaD1 - Price is moving lower towards the bottom of the channel. H4 - Bullish divergence, double cycle down, the 100 fibo extension level of the first leg coincides with the bottom of the daily channel thus forming a magnet zone. Once the price reaches this magnet zone look for evidences of bullish reversal and then we may start looking for buys. Invalidation: If the price breaks and holds below the bottom of the daily channel then this setup is invalidated (False breaks can be neglected).
OANDA:XAGUSDShort
by VladimirRibakov
USDJPY Sell IdeaH4 - Triple cycle up, the third leg of this triple cycle is moving higher towards the second magnet zone. From this zone we can start looking for a possible stop and retrace signs. if we can see any, we can think about some sells from here. If this zone doesn't hold, we may then expect the price to move higher and reach the third magnet zone and may look for a bearish reversal to happen from there. In that case once we get evidences of bearish reversal, we can then start looking for sells from this zone. Bearish divergence forming. We may look for sells until price reaches the 38.2% to 50% fibo retrace zone of this triple cycle.
Short
by VladimirRibakov
AUDUSD Buy IdeaW1 - The price has reached the bottom of this channel and if we didn’t get a valid breakout here (false breaks are acceptable) we may then expect the price to move higher again. D1 - We have two magnet zones formed based on the bigger and smaller double cycles. We may expect a reversal to happen from any of these magnet zones. Once the price reaches the magnet zone look for bullish evidences and once we get the confirmation for bullish momentum you can then start looking for buys.
Short
by VladimirRibakov
GBPJPY Sell IdeaD1 - Potential hidden bearish divergence forming. H4 - Double wave up, price has reached the first magnet zone that has formed based on the 100 fibo extension of the first leg and 38.2 fibo retrace of the triple cycle. We also have another magnet zone that has formed slightly higher based on the 50% fibo retrace of the triple cycle and the 161.8 fibo extension of the double cycle. Bearish divergence, the price has created a perfect uptrend line and once we get a valid breakout of this trend line we may start looking for sells.
by VladimirRibakov
EURNZD Short Term Sell IdeaD1 - Triple cycle up, looks like a double wave correction is happening now. We may expect one more leg down towards 38%-50% fibo level. H1 - Magnet zone at 1.6970 could be tested along with the D1 trend line but generally we are already at good level to look for sells. Most recent trend line was already broken, we have multiple false breaks. Break below 1.687903 gives us the conservative confirmation for the sells. Invalidation – If the price moves higher, breaks and holds above the daily trend line, then this setup is invalidated.
Short
by VladimirRibakov
1
GBPCAD Sell IdeaW1 - Based on the levels of the double cycles we have a magnet zone. We may expect the price to move higher and reach this magnet zone with bearish divergence and then a reversal to happen from there. D1 - Bearish divergence. H4 - We may expect one more push higher with bearish divergence to form. We can then look for sells with the breakout of the uptrend line. If you want to be more conservative then wait for the price to break below the last low and then start looking for sells.
Short
by VladimirRibakov
NASDAQ Sell IdeaH4 - False break with bullish divergence, price moving higher. Hidden bearish divergence completed which is now transforming into continuing divergence. Price is currently at the 50% retrace level of the H4 cycle. H1 - Based on the fibo extension level of the first leg, the 61.8 fibo extension level and 61.8 fibo retrace level of the H4 cycle coincides on the same zone thus creating a magnet zone for us. Bearish divergence. If you want to be aggressive then update the uptrend line to the most recent low that is to be created and you can go short with the breakout of it. If you want to be conservative then wait for the price to break below the middle point at 6554 and then start looking for sells.
OANDA:NAS100USDShort
by VladimirRibakov
NZDCAD Sell IdeaD1 - Price reached the magnet zone, bearish divergence forming, we may expect a reversal to happen soon. H4 - Price broke above the range and reached the magnet zone. We have bearish divergence, we may now expect the price to create bearish convergence and then look for a correction. Once the correction completes itself, we can join the sells. Aggressive Entry: H1 - Bearish divergence. If you want to be more aggressive then you can start looking for sells once we get a valid breakout of the uptrend line.
Short
by VladimirRibakov
How Weak Is The KIWI This Week?The New Zealand Dollar has been losing a lot of strength these past weeks after achieving a new high of .74 and above. Upon review on a 4H time frame there are some key levels to realize. The nearest target price also the most magnetizing level being the .73116 for its reputation of price revisiting it quite often upon its rise and demise. When tested, we may see a breach to the upside and a continuation of the bullish momentum gained upon its open to test the .735 level and higher the .74 level. As unlikely as it may seem these levels should be considered. However we see a bearish trend on this pair and the .73116 level makes for a very attractive selling opportunity with our targets retesting the low of .72 and perhaps continue lower to .7125 level. The Kiwi needs a lot of bull momentum that it has lost over the past couple weeks to break through the resistance to surpass its previous high and continue higher. Which leads to the conclusion that we will be heading to lower levels unless proven otherwise. The levels provided provide for very attractive risk reward ratios being above a 2/1. Thanks for reading! If you found this entertaining or helpful please leave a constructive comment and/or drop a like. Happy trading! Keep on WINNING!
Short
by Alexkly
GBPJPY Sell IdeaW1 - Price is nearing the magnet zone formed by the 50% fibo retrace of the special cycle and 61.8 fibo extension of the double cycle. Once the price reaches this magnet zone we can look for sells. D1 - Bearish convergence formed, we may now look for pullbacks and sells. H4 - Lower lows, we may now look for a flat correction in the form of a range or a double wave correction. If it is a double wave correction we can look for most recent trend line break and then look for sells. If we get a flat correction, we can look for breakout at the bottom of the range and then look for sells.
Short
by VladimirRibakov
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