H4 - Correction starts to look like a potential channel as price found support at a new trend line. We can try and sell the top of the channel if a setup presents itself, as long as 0.71 is holds. Alternatively a confirmed break below 0.6980 should open the doors for the bears as well.
Price is currently pushing up and made the move to the zone where we wanted it and it reacted very nice from it. Conservative -Only after the blue trendline is broken start looking for buys with your favorite strategy. H1 - we have a classical Forex Libra Code setup - We have divergence (red) followed by higher highs (blue). What we can expect now is pullbacks...
There are all the signs that the pair is ready for a bearish move. Those who joined buys from last week's article and the suggestions there, can look to cash out now. D1 - Triple cycle is completing at the moment. We are at a very good resistance zone also divergence is here. H4 - We see a bullish cycle with divergence. This is a great zone to start looking...
D1 - Price reached uptrendline H4 - Potential divergence and false break. I would start looking for buys once the most recent high (currently around 0.9870) is broken up, and price creates higher-highs. Final target here would be the parity level: 1.0000
D1 - Price has reached the uptrendline. H4 - Potential divergence and false break I would start looking for buys once the most recent high (currently around 0.9870) is broken up, and price creates higher-highs. Final target here would be the parity level: 1.0000
W1 - Double cycle up now reacting very strong with a bearish move. There is bearish divergence and RSI is in extreme. The least we can expect from this bearish trend is the 250 zone. We can look for pullbacks and short. as long as the last high is holding around 386, D1 - Psychological 300 is the first level to pay close attention to.
W1 - We can start looking for sells as long as the last high on weekly chart is holding. Also price is near the end of a potential triple cycle. Bearish divergence between the last two legs of this bullish trend. RSI already heading downwards after an extreme. D1 - Bearish divergence (red arrows) followed by bearish convergence (blue arrows) which is a...
H4 - We saw the breakout and we can now look for pullbacks and sell.
Daily - Price is nearing the magnet zone, triple cycle and bullish divergence forming. H4 - Second leg is expected to form and the price to enter the magnet zone. Bullish divergence has formed and once the second leg completes itself and the price enters the magnet zone. We can then start looking for buys.
D1 - Price is at the top of the range. H4 - Classical setup - divergence (red arrows), followed by convergence (blue arrows). As long as 0.71 is holding, we will be looking for a correction and then can look for sells once we see a breakout out of this corrective pattern. First target will be the middle of the range around 0.6920 Final target is the bottom of...
In the previous post last week, we said that we are after buys that will come immediately after corrections. There were two false breaks on the H1 chart. We already see H4 divergence and I expect a short term bearish correction. There are two possible trading scenarios now: * Short Term Sells * Longer Term Buys Final target for the sell positions will be...
This pair is now offering new opportunities to join the bulls. We can look for buy setups as long as the last low is holding. Now any pullback is an opportunity to go long. Remember that we might see two types of correction Flat correction or Double wave correction Regardless of how things will happen, bottom line is - as long as 1.5230 holds, we are after buys.
Price 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...
We said we are looking for pullbacks and then sell, in the previous post. However the market pushed lower towards the target zone and didn't provide us with such opportunity and it is now time to start looking for buys. D1 - Price reached the zone exactly where we expected it to reach. Also we have: * magnet zone * triple cycle * very strong horizontal...
D1 - As long as last swing low is holding, I am still after buys in this pair. Technically we can expect at least the last swing high to be reached as bullish divergence has formed already and the pair is making the move up. H4 - Price is creating a Convergence Principle with The false break of 1.3608 (blue line), was followed by higher highs (green line)....
Good chance of a third leg down towards the 1.30 zone. W1 - Main direction is down and this could be a great opportunity to join the bears while the momentum lasts. Until the price reaches the 1.30 zone, any pullback (preferably in double waves) is a sell opportunity for us. You can apply Forex Triple and/or sRs here (free download links below). Once the zone...
W1 - We have an amazing resistance created by two cycles which coincides around the 129.60 zone D1 - Potential bearish divergence is forming. H4 - We can look for corrections as long as last swing low is holding and go long towards the magnet zone which will be our final target. We will start looking for sells once the magnet zone (129.60) is reached, Ideal...
W1 - We have bearish trendLlne and horizontal Resistance which is at the top of the range. D1 - Price entering the cycle zone 161.8% also bearish divergence forming already. Price is currently inside a great sell zone. We will see price in the zone 1.1450-1.15. It is recommended to wait for a signal from your favorite strategy as a confirmation before we jump in.