W 1- Inverted head and shoulder pattern completed, we may now expect the price to recreate this pattern. Neckline of this pattern also acts as a downtrend line. In short term we may now expect correction, retest and move up again. D1 - Special cycle completed, bearish divergence formed. We may now expect the price to reach the 38.2% and 50% retrace of this...
W1 - Price moving inside range and is at the middle of the range. Price has also respected the previous spike. D1 - Bullish divergence followed by bullish convergence, we may now look for pullbacks and buys. H4 - Double wave down, we may now expect the price to move higher. Once we get a breakout of the downtrend line, we can join the bulls. Alternatively if...
W1 - Price moving inside range and is currently at the middle of the range. D1 - Price moving inside a channel and is currently near the top of the channel. We may now expect the price to move lower until it reaches the 0.83 zone or so. H4 - False break with divergence. Price has broken the last low and is moving lower. If this turns out to be a valid breakout,...
Price 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...
H4 - Price broke above 0.8930. Second leg of the double wave is around the 100 fibo level, we may expect a bearish reversal to happen here or from the 161.8 fibo level. Once the reversal happens we may expect the price to move lower until it reaches the 38.2% retrace of this double cycle and then we can go long with the breakout of the most recent trend...
D1 - 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...
D1 - 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...
W1 - 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...
D1 - False break followed by higher highs, continuing bearish divergence (no PNP divergence yet). We might see new highs with the price reaching 160.70 magnet zone but before that we might see a double wave correction. H4 - We have first leg and it looks like a corrections is happening now. once the double wave completes itself in the 100 or 161.8 fibo level,...
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...
H4 - Price broke out at the top of the range and is now respecting the trend line. Correction is happening now. Once the correction completes itself anywhere near the magnet zone we can look for buys. H1 - We may expect more pushes to the downside and the price entering inside the magnet zone and creating a bullish divergence, then we can go long with the...
H4 - Price broke out at the top of the pattern and also has broken the last three highs. Now, we may expect a pullback to happen. We can look for pullbacks to complete itself based on the fibo levels and a reversal to happen from there. The downtrend line will be our dynamic support. Once a reversal happens we can join the bulls.
D1- 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...
H4 - Price respecting uptrend line, we may expect it to hold. M15 - We may now expect the price to move lower and reach the H4 uptrend line also creating bullish divergence. Then we can go long with the breakout of the downtrend line.
H4 - Price broke the downtrend line and the last high. H1- Price broke the H1 last high and has created higher highs. D1 - Based on the D1 cycle we will see limited bullish move as the main direction is bearish.
H4 - Price broke the uptrend line. We have bearish divergence with false breaks. Price has also formed a double wave up and the price is currently moving lower breaking the most recent uptrend line. We can start looking for sells.
D1- Price moving inside a range. H4 - Double wave down and price broke out of the downtrend line. We may now expect this bullish momentum to continue further. H1 - Bearish divergence has formed. So we may expect a correction to happen now. Once this correction completes itself we can look for buys.
H4 - Price broke above the channel and moving higher creating higher highs. We can now look for short term buys. You can use any setup and strategy that you have in your arsenal to look for bullish moves and join this short term buy trade.