BUY SCENARIO Pair is currently breaking above a short term trend line and I expect a duplication of the last wave up. If we get a small correction in order to improve the risk reward ratio we can jump into a buy Aiming the duplication zone where we can switch to a sell. SELL SCENARIO If the pair reached the sell zone as marked on the chart, look for a false...
i believe we will see another leg down in EURGBP before any further continuation to the upside. If the pair breaks below the most recent trend line and last low that was created, look for pullbacks near the broken TL and jump into a sell. Last target around 0.81 which is also the gap zone. Protection above last high created.
I will be looking for a breakout below the long term trend line coming from the bottom along with the strong support level around 20.00. It is important to wait for a pullback after the breakout in order to get as better risk – reward ratio as possible. Stop Loss should be placed above the trend line and last high to be created. Take profit – first part you can...
If the pair manages to push above 0.8450 I will be looking for the breakout of the up trend line. Stop loss above the last high to form. Final Target the gap zone around 0.8100. Once the pair reached the target zone we will be looking to buy from there.
i'm looking to buy the NZDUSD pair near the up trend line. Once the pair is near it, look for the most recent down trend line that has formed and wait for the breakout. Protection below last low and the up trend line. Final target - daily swing high.
After the initial leg up the pair is now contracting into a triangle. However price is breaking below the last low and I believe we will see a double wave down before continuation. This would be perfect as there is a great support zone waiting for the price 100 or so pips lower. If price reaches the buy zone (yellow box) look for divergence to form and go long...
I'm looking to buy this potential head and shoulders on the H1 chart of NZDUSD. Ideally I want to see the price retracing back to the trend line and horizontal support, then a breakout above the down trend line to be created and buy at the pullback. Final target 0.72+ Stop Loss below last low created after the breakout of the down trend line
There are two possible scenarios for this pair. It is currently trading inside a range. I will be trading the breakout according to the direction. If it breaks up, I want to see a higher highs, correction and buy towards the last swing high. If it breaks down, same but vice versa - lower lows, correction a and sell towards the gap.
There is a head and shoulders pattern on the D1/H4 charts. There is also a supportive zone where a few lines coincide. I'm looking for a push down to the zone marked on the chart, a false break and a divergence before going long. Last high around 1.3450 as first target and 1.3780 as final target.
D1 chart has made a false break of the down trend line and has also formed bearish hidden divergence. You can either sell now market price protecting 107.00 level at least OR you can wait for the breakout of the range that the price is trading in right now. Targets as shown in the chart.
I expect the pair to move further down before continuing up. I'm following this intraday sell setup on the m15 chart. If we get a double wave up with bullish divergence at the end near the trend line I will short the pair. Setup is invalidated once the up trend line is broken up.
Two consecutive false breaks, a break below last low and we can now look to sell rallies. Stop loss above last high created and final target 1.0540
In the shorter term we can try to sell after the trend line breakout. If the price pushes a bit higher we can try to short it against last high aiming the gap zone (buy zone of H4) In the bit longer run I'd like to see the price taking a dive to the gap zone mentioned above before going long, For the buy look for false breaks and divergence before jumping into a...
I would like to try and trade this head and shoulders in GBPUSD by dropping to the H1 chart and looking for the price to reach the buy zone as marked on the chart. We can get a great risk:reward here as final target could be close to 1:6 or 7 maybe even higher, depending on where exactly the entry could come if we see the price pushing to the zone. Look for false...
After the pair has bounced off of the W1 chart we can now focus on short term buys until the pair completes a double wave up. On the bit longer run we can look for sell setups once we get the double wave up towards the up trend line (yellow). Taking it one step further a buy setup will be possible near the up trend line.
There is a very nice and promising sell scenario forming in USDJPY. D1 chart - bearish divergence is already there, strong resistance zone and a trend line. H4 chart - two cycles coincide around 107.30 zone which would be a perfect place to sell once the divergence complete itself and
EURUSD triangle breakout idea which we continue to follow. Notice that we could get a double wave inside near the upper trend line. I recommend to be conservative here and don’t try to trade the potential bounce off of the top line as it might get tricky with false breaks.
EURAUD buy setup is forming in the shorter term which i’m following for an entry. See my plan and analysis below: EURAUD D1 Chart There is bullish divergence forming on Daily chart already. The bullish pressure is there. However keep in mind we might see price dropping to 1.4140 or even down to 1.3880 if the current support doesn’t hold. Scenario 1 Bullish...