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Magnetzone

NZDJPY Sell IdeaD1 - Price broke at the bottom of the triangle pattern and is holding below it. Potential divergence is forming. H4 - There is already divergence but there is no other sign of bullish momentum yet. We have a strong support level below 77.20 range. Price broke below first magnet zone and is moving towards the second magnet zone. We are now looking for short term pullbacks in order to sell. Once the price reached the second magnet zone and if we get confirmations of bullish momentum, we can cash out of this sell trade and join the bulls.
Short
by VladimirRibakov
Pepsico Buy IdeaD1 - Special Cycle completed, we have double waves down and price reached an extreme zone. We can look for buys with the breakout of the most recent trend line. H4 - We have multiple cycles, all cycles are reaching towards the same magnet zone. Now we need to look for confirmations of bullish reversal in the form of false breaks, breaks above highs, trend line breakouts. H1 - We have bullish divergence. Conservative approach would be wait for the breakout of the last high and then look for buys.
PShort
by VladimirRibakov
NZDCHF Sell IdeaD1 - Price is moving at the top of the range and potential bearish divergence forming. H4 - Price is at the top of the range where we also have a magnet zone. We also have a bearish divergence that has formed. If a reversal doesn't happen here then we may expect the price to move higher and reach the second magnet zone and a reversal to happen from there. We will be looking to sell near the top of the range if we get a false breaks again, and then break of the most recent up trend line.
Short
by VladimirRibakov
AUDUSD Sell IdeaPrice is close to the top of the W1 range There is a triple cycle on D1 chart and bearish divergence is already there. As long as the last swing high is holding, we can look for sells.We saw the price bouncing from the magnet zone already and also there is a possibility of another leg up. That is why the last D1 high must hold for us to look for sells. If the high is broken, we will re-analyze the situation, and find new setups to follow. Final target - 0.7520 Appropriate strategies: Crystal Ball sRs Triple B
Short
by VladimirRibakov
Gold Buy ZoneD1 - We have a good up trend line and is already very close to it. We can look for buys as long as 1214 zone holds. H4 - Triple cycle would end at 1220 zone which is also a magnet zone and a very strong supportive area of the D1 swing low. 1234 is the Fibonacci expansion 61.8% along with the daily trend line. Price already bounced from it, providing a good movement up. Keep in mind price is already in a good place for buys. Summary - Until the 1234 zone holds we can look for buy opportunities already. Next zone to follow is slightly lower around 1220.
TVC:GOLDShort
by VladimirRibakov