Pair is trading near the top of a bullish cycle. We are looking to short here. Technically we have gotten H1 convergence already and price is now correcting itself. As long as the last high is holding, we can look to sell the breakout of the most recent low and the trend line. Once the price reaches 0.7000 move the stop loss to break even. Final Target – 0.6960
we want to see a breakout above 0.7310 or so as step one. Then a small correction and we can go long. If you want to be more conservative, wait for double waves down, and trade the trend line breakout. NOTE – Pay attention to the MACD histogram. Once the breakout happens, ideally we want to see higher highs on the histogram as well. If we get lower highs, it is a...
D1 has created bearish convergence followed by hidden bearish divergence now. On the H4 chart we have a strong magnet zone and regular divergence. We are looking for lower lows to short the commodity. Look for a breakout below 17.28 and go short. Target 1 – 17.00 Target 2 – 16.70 Target 3 – 16.00
I expect another push up at least until bearish divergence forms against. The entry idea is on the M15 chart where we are seeing a flat correction. Any visit of the lower bands of this patterns, preferably with bullish divergence to form is an opportunity to buy. If we see a breakout above the most recent high and the up trend line, we can also go for...
Wait for a small correction towards 38.2% down to 50% fibonacci retracement and go long. Move the stop loss to break even once you have reached risk:reward ratio of 1:1. Target 1 – 0.7350. Target 2 – 0.7430. Target 3 – 0.7520. Protection below 0.7240.
Sell rallies, preferably with trend line breakout and bearish divergence to form on the H1 chart, as long as the top of the range is holding and the bottom of the range was not reached. Protection above the top of the range. Target 1 – bottom of the range. Target 2 – 81.50. Target 3 – 80.50.
Longer term trend is still bullish. I'm looking for a breakout above the most recent high, followed by double wave correction and then I will go long with the trend line breakout. Protection should be placed below last low created. Target 1 – R:R 1:2 target 2 – 1.81
Gold is trading inside an expanding channel on D1 chart and it has currently bounced from the lower boundary of it. I'm looking to buy here, but only after we get a confirmation in the form of breakout above 1236.57, then i want to see correction, ideally in two waves down, and only then go long with the breakout of the trend line to be created between the two...
The pair has completed two bearish cycles and it is now pushing up. We are looking to join the bulls after the bullish convergence taht we saw on the H4 chart. The way to do so is by waiting for a double wave correction on the H1 chart, wait for a breakout of the most recent trend line to form and go long. Protection should go below 0.7150. Target - 0.7375.
Look for a double wave correction on the H1 chart and draw the most recent trend line to form. Once the pair breaks below the trend line go short. Protection should be placed above last swing high. Target 1 – 1.0820 Target 2 – 1.0730 (gap zone)
We are most likely going to see another small push down (potential H1 bullish divergence to form and complete) and then I'm expecting a double wave correction up. Most likely the double waves will form on the H1 chart. Once that happens, we want to see a break below the trend line, connecting the 2 waves. Sell with the breakout. Final target 1.35
I expect to see another leg up, before a correction to the down side. Wait for the price to enter the sell zone as marked on the chart, bearish divergence to form and look for sell opportunities. Target 1 – R:R 1:2 Target 2 – 1.0860 Target 3 – 1.0730 (gap zone) SL - above last high created
Step 1 - wait for a break above 1.2770. Step 2 - wait for double wave down on H1 or M15. The 2 waves must end with bullish divergence. Step 3 - Draw a bearish trend line between the two waves down from step 2 and wait for the breakout. Once it breaks up, go long. Stop loss - below last low created before the breakout. Target 1 - 1.2820 Target 2 - 1.2950 Target 3 - 1.31
I want to see the price dropping to the range as marked on the chart. Then I will be looking to buy with the breakout of the most recent down trend line. Step 1 - Price to cross below 109.70 Step 2 - Draw the most recent down trend line on H1. Step 3 - wait for a breakout above the TL which will trigger the buy Stop loss below the last low created before the...
After the breakout of the D1/W1 range we can now expect the pair to continue to the upside as this is the main direction. There are two ways to join: Scenario 1 : Wait for a flat correction (triangle/wedge) to form, and go long with the breakout to the upside. Protection in this case should go below the lower band/trend line of the pattern that will...
Pair is trading inside a daily range, and price is at the moment near the bottom of this range. There was a H4 cycle that completed itself, and we can now expect a bullish move. My buy plan is as follows: 1. Wait for a breakout above the H1 range. 2. Let the price correct a bit (38,2% fibonacci retracement) 3. Go long Protection below the H1 range. NOTE - if...
Price is currently trading inside this H4 channel and it is near the bottom of it. I want to see one more push down, towards the range marked on the chart and bullish divergence being created on the M15 chart. Ideally we will also get a false break on the bottom trend line of the channel. Once that happens, look for the most recent trend line's breakout up (m15)...
Price is near the H4 bearish trend line and it is also inside a magnet zone. That means one thing - look to sell. If we see the price reaching the sell zone as marked on the chart, drop to the H1 chart, find the most recent trend line and wait for a breakout below it. This would be our trigger for a sell. Protection above last high to be created. Target 1 –...