SP500 Short Term ForecastH4 - Triple cycle to the downside completed, price is holding above a strong support zone, false breaks with bullish divergence.
Downtrend line breakout, we may now expect possible short term retraces to happen.
H1 - Bullish trend pattern, until the buy zone holds my short term view remains bullish here.
Invalidation - If the price breaks and holds below the 61.8% fibonacci retracement level then this short term bullish view will be invalidated.
Triplecycle
USDCAD Buy IdeaW1 - After a triple cycle, currently it looks like a retrace is happening in the form of a range pattern.
Price has reached the 38.2% - 50% fibonacci retracement zone.
H4 - Downtrend line breakout, looks like the pullback that we are looking for happened.
H1 - Bullish trend pattern, we may now look for bullish setups with more bullish evidences in order to join the buys.
AUDCAD Buy IdeaD1 - Triple cycle down, price reached a critical zone, potential bullish divergence.
H1 - Triple cycle down, price reached the critical zone and is moving higher, bullish divergence.
If the price moves higher and breaks above the high shown in the chart we may then look for pullbacks and buys with more bullish evidences.
Invalidation: This buy setup is valid until the low shown in the chart holds.
NZDCAD Buy IdeaD1 - Bullish convergence
H4 - Triple cycle completed, currently it looks like a retrace is happening.
H1 - We have two critical zones that has formed based on the fibo levels of the cycles.
Price has now reached the second critical zone, bullish divergence.
Until this zone holds we may look for more bullish evidences in order to join the bulls.
NZDCHF Sell IdeaD1 - Special or triple cycle completed, currently it looks like a retrace is happening.
H4 - We have two critical zones that has formed based on the fibo retrace and fibo expansion levels of the cycles.
Price has reached the first critical zone, we have bearish divergence, until this critical zone holds, we may look for more evidences of bearish pressure and then start looking for sells.
If the price moves higher then the next area to look for bearish evidences would be the second critical zone.
USDCAD Sell IdeaW1 - Price is still in the zone of a triple cycle ending up with resistance, we have a possible double top. We may now look for a correction in the form of two waves or a range.
As long as the last top holds, we may look for a retrace to happen towards the 50% retrace zone.
D1 - Second false break with divergence. Band to band movement.
H4 - Triple cycle, the price broke below the trend line and then it started to create lower lows. Currently we have Bollinger band duplication area.
By ideal we should see the price cleaning the area shown in the chart, We may then look for corrections and possible sells with more bearish evidences.
if we get a straight leg going through all the fibo retrace levels then it is a warning sign, so pay attention to this.
H1 - Price reached a critical zone, bullish divergence. We may now look for correction to happen in the form of double wave or range.
The bottom line here is, we may now look for retraces and sells with bearish evidences.
CADCHF Sell IdeaH4 - Special or triple cycle completed, currently it looks like a retrace is happening, bearish hidden divergence.
H1 - Double wave up, price has reached the first critical zone, bearish divergence. Until this critical zone holds, we may look for more evidences of bearish pressure in order to start looking for sells.
If the price moves higher then the next area to look for sells with bearish evidences would be the second critical zone.
AUDUSD Monthly ChartWe have finished triple cycle or 5 waves, Divergence is also bullish. Bulls might take the control any moment.
CADCHF Short Term Sells and Long Term BuysD1 - Potential big double cycle, price still has room higher towards the 61.8 fibo
H4 - Potential special or triple cycle. We have a critical zone that has formed.
We may now expect one more push higher from the current zone towards this critical zone with the bearish divergence completing itself.
We may then start looking for short term sells with bearish evidences towards the 38.2 - 50 fibo retrace zone.
Once we get opposite evidences then I would be looking for bullish setups in order to join the bulls.
EURCAD Sell IdeaD1 - Potential double wave down, price has room towards 61.8 fibo level.
H1 - Special or triple cycle completed, currently it looks like a pullback is happening.
We also have two critical zones that has formed based on the fibo levels of the cycles.
I’m looking to sell pullbacks with bearish evidences here.
EURGBP Update And Follow Up Of The Buy IdeaH1 - Bullish divergence is now gone, which means we might be going lower to complete a triple cycle.
We want to see bullish divergence forming on H1 again, before attacking buys.
Invalidation – If the price moves higher and breaks above the trend line before completing the triple cycle, then this setup is invalidated (false breaks can be neglected).
NZDCHF Sell IdeaD1 - Triple cycle down completed, price is currently trading at the 50% correction of the previous down move which is a strong resistance zone.
H4 - We have a magnet zone based on the 50% fibo retrace zone of the daily triple cycle and the top of the bullish channel.
Price has reached the magnet zone, we may now look for evidences of bearish pressure and then start looking for sells until price reaches the bottom of this channel.
If the price breaks below the bottom of this channel then we may look for further continuation.
Invalidation: If the price breaks and holds above the magnet zone then this setup is invalidated (false breaks can be neglected).
EURAUD Sell IdeaW1 - Triple cycle up, price has reached the magnet zone, bearish divergence. We can go short with the breakout of the uptrend line. We may expect the price to move lower until it reaches the 38.2 fibo extension of the entire W1 triple cycle.
D1 - Bearish divergence forming.
H4 - Double cycle up, continuing bearish divergence. The 161.8 fibo extension of the first leg coincides with the weekly magnet zone. We may now expect the price to move higher until it reaches this area and a bearish reversal to happen from there.
If you want to be aggressive you can go short with the breakout of the uptrend line. If you want to be conservative then wait for the price to break below the W1 uptrend line then you can join the sells.
UK100 Sell IdeaH4 - Triple cycle up forming, based on the fibo extension levels of the two legs, we have a magnet zone. We also have a bearish divergence.
Price is nearing this magnet zone. Once price reaches this zone we may expect a bearish reversal to happen.
We may then start looking for sells with the breakout of the uptrend line.
USDJPY Double ScenarioSell Scenario:
D1 - Special cycle completed, currently a retrace is happening towards the 38.2% - 50% fibo retrace zone. Once the price reaches this zone we may look for evidences of bearish reversal and may start looking for sells.
Buy Scenario:
H4 - Triple cycle completed, currently it looks like a retrace is happening in the form of double wave down towards the 38.2% - 50% fibo retrace zone.
Once the price reaches the magnet zone look for evidences of bullish reversal. We may then start looking for buys until price reaches the 38.2% - 50% fibo retrace zone of the daily special cycle.
NZDUSD Buy IdeaH4 - Triple cycle completed, currently it looks like a correction is happening in the form of double wave down.
Once the price reaches the magnet zone look for confirmations of bullish reversal in the form of bullish divergence, false break, trend line breakout, etc...
We may then start looking for buys.
AUDCHF Sell IdeaH4 - Triple cycle up forming, we have a magnet zone based on the fibo extension levels of the two double cycles.
We may now expect one more push higher with price reaching the magnet zone and a bearish reversal to happen from there.
H1 - Price is respecting the uptrend line so far. We may now expect one more push higher with bearish divergence to form.
We may then go short with the breakout of the uptrend line.
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.
USDJPY Buy IdeaD1 - Special cycle completed, we may expect a correction to happen until price reaches the 38.2 - 50% of the fibo retrace zone.
H1 - Triple cycle, once the triple cycle completes itself, we may expect a correction to happen in the form of double wave down.
We can then start looking for the buys with the breakout of the most recent trend line.
Invalidation: If the price moves lower and breaks below 104.50, then this setup is invalidated.
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.
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.
USDCHF Buy IdeaH4 - Two false breaks.
H1 - Triple cycle up, bearish divergence formed.
If we get a double wave correction, we can then go long with the breakout of the most recent trend line.
USDJPY Sell IdeaD1 - We have a potential triple cycle and it looks like this triple cycle is converting itself into a special cycle now. We have divergence only on the histogram now.
We may now expect a correction to happen within the area which was the breakout zone and the bottom of the range. Once this special cycle completes itself we may look for a correction to happen and then continuation to the downside.
H4 - Hidden bearish divergence, downtrend line is being respected.
H1 - Bearish divergence. If you want to be conservative wait for the price to break below the low at 107 (approx) and then we can start looking for sells.
