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Triplecycle

AUDJPY Updates and Follow UpPrice is moving as per our plan D1 - Triple cycle down, double cycle up. Price has now reached the downtrend line. Hidden bearish divergence. H4 - Bearish divergence forming, we may expect a reversal to happen from the action zones. H1 - Triple cycle upside, bearish pressure. We might see one more false break. We already have a good uptrend line but if the price pushes higher and if it forms another valid uptrend line then we can use that most recent uptrend line. Once we get a breakout of that most recent uptrend line, we can look for sells. Note: If the price moves higher, breaks and holds above the daily downtrend line then this H1 scenario will become invalid.
Short
by VladimirRibakov
NZDCHF Buy IdeaD1 - Big double cycle and triple cycle completed, we may now expect the price to reach the 38.2% retrace of the double cycle and 50% retrace of the triple cycle. Two trend lines and bearish hidden divergence has formed. H4 - Bearish divergence, price is respecting the 100 fibo level. H1 - Three false breaks and bearish divergence. If we get a break below 168.65 (approx) should provide us short term pullbacks. The 38.2 fibo retracement, the uptrend line and the level where the breakout of the range happened coincides on the same zone. We may now expect price to move lower in the form of double wave down and once it reaches this critical zone, we can go long with the breakout of the most recent downtrend line.
Short
by VladimirRibakov
AUDJPY Sell IdeaD1 - Triple cycle down and price respecting downtrend line. H4 - Magnet zone formed with 38.2 fibo retrace of the triple cycle, 100 fibo extension of the double cycle and the downtrend line. Potential bearish divergence forming and if the price moves higher and reaches this magnet zone, we can look for bearish reversal and join the bears. Note: As we are nearing the end of December and we are trading the Daily + H4 combination please be careful with this trade as we might get stuck here during the holiday period. The closer we get to the end of December our trading is going to become shorter term like H1, M15 etc…
Short
by VladimirRibakov
AUDCAD Buy IdeaW1 - Price respected strong support zone again. D1 - Bullish divergence, price pushing higher. We want the price to break above the high at 0.9790, creating higher highs. H4 - Price respecting downtrend line. Both directions are possible from here. In this case there are two possible scenarios to confirm bullish momentum. Scenario 1 - Price to create higher highs and we can go long after correction. Scenario 2 - Look for triple wave up, followed by double wave down and then we can go long with the breakout.
Short
by VladimirRibakov
NZDJPY Doube Scenario Buy Scenario: H4 - Triple cycle up completed, now we may expect double wave down and once it completes itself we can long with the breakout of the most recent trend line. Sell Scenario: D1 - Price is respecting down trend line, hidden bearish divergence formed. If we didn't get a valid breakout of this downtrend line, we may expect the price to reach the last low or may be even new lows to be created. H4 - As long as there is no confirmation for the opposite direction, we can look for short term sells with the breakout of the most recent uptrend line.
Short
by VladimirRibakov
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 Sell IdeaD1 - Price bounced from top of the range, bearish convergence created. H4 - Triple cycle down followed by false break with divergence. If we get a double wave up to the 112.30 – 112.80 zone we can start looking for sells. Alternatively on the H1 chart if we get a triple wave up followed by double wave down, we can look for buys with the breakout of the most recent trend line, if we get that then make sure the risk reward is good aiming the target as the 112.30 – 112.80. If the risk reward is not good then ignore this buy trade.
Short
by VladimirRibakov
EURUSD Sell IdeaD1 - We have a big cycle, we also have a head and shoulder pattern and price broke below the neckline. We may now expect this pattern to be duplicated. The 50% retrace of this big cycle coincides with the projection of the head and shoulder pattern. H4 - If the price pushes higher then look for divergence to form. If that happens then we would expect the price to respect the downtrend line and also the high. H1: The neckline of the head and shoulder pattern acts as a resistance now and we have the 61.8 and 100 fibo near this. We may now expect false breaks, trend line breakout and then sell. Alternative scenario: If the developing triple cycle turns out to be a triple cycle , then we may get one big wave up o the trend line and then look for sells.
Short
by VladimirRibakov
AUDNZD Buy ideaW1 - Long term we are bullish because of the previous bearish cycle. We are also bullish based on the more recent range. Where we expect the price to reach the top. D1 - Hidden Divergence formed. H4 - Confirmation of Hidden on H4. Most recent trend line broken up. We want to see a break above 1.0985 to confirm our bullish view. To be even more conservative wait for a breakout of the bigger trend line from the swing highs. H1- Triple Cycle forming now. Looking for pullbacks and BUY!
Short
by VladimirRibakov
AUDCAD Sell IdeaW1 - Price moving inside a channel. D1 - Triple cycle completed and we may expect the price to reach 50 Fibo retracement and a reversal to happen from there. H4 Scenario 1 - We may expect a small correction and after that the price to reach the magnet zone and a reversal to happen from there. H4 Scenario 2 - We may expect a reversal to happen from the zone where the price currently is. It is always recommended to look for confirmations before we jump into a trade.
Short
by VladimirRibakov