There are two possible scenarios to buy the AUDUSD pair. Scenario 1: Wait for the price to enter the BUY ZONE on the H1 chart, wait for the divergence to complete itself (MACD tick up) and a bullish candle pattern to appear - then buy. Scenario 2: Drop to the M15 chart, wait for the price to enter the buy zone, let the price create a false break, then break...
Look for a false break first on all on the H1 chart along with bearish divergence to form. A breakout below the
I'm still bearish in EURUSD. There are two possible scenario i see for the pair. Scenario 1: If we see a double wave up near the down trend line we can sell around 1.12-1.13 towards the last high as protection. Scenario 2: If the pair goes for a range, try to sell near the top trend line or alternatively once we get a breakout below the range.
Price is currently at the bearish weekly trend line. In the shorter term bearish corrections are possible but I expect the trend line to be broken and 0.98 - 1.00 zone to be reached. If that happens I want to see a trend line breakout to the down side on the Daily chart, followed by corrections and then sell.
I'm looking for the pair to create a false break on the H4 chart. Next step is to see a break above the most recent high and once that happens i will focus on buying corrections as shown in the chart.
I'm looking for either another false break to the upside near the 0.7500 zone, which once completed I will look for corrections to sell OR Once the price reaches the 0.7500 zone and breaks down the trend line, I will again look for pullbacks and sell from there. In both scenarios the stop loss should be placed above the last high to be created. I will be aiming...
There are two ways to sell the end of the bullish cycle in EURJPY. Scenario 1: Look for a false break at the end of the cycle near the sell zone. Scenario 2: Wait for the break of the up trend line along with most recent low.
A break above the down trend line + the most recent high should open the door for the bulls. Once we get the first step, look for pullbacks near the broken trend line and go long. Protect last low to be created and aim for at least twice the stop loss.
There is a triple cycle completing itself on the H1 chart. If we get another false break as shown in the image below, we can look for a convergence principle - pair to gain bearish momentum by breaking the last low after the false break - and then sell the correction in order to improve the risk:reward ratio.
There is a great potential sell setup forming in Gold on the H4 chart. Commodity has been trading higher for the past few weeks and it is not approaching good reversal levels, even if only for the short term. The bearish divergence is another confirmation for the bearish outlook Once the false breaks are there, next step is to look for a correction. Ideally we...
Wait for another false break to the upside on the H4 chart. Once we get that, a lower low must created. This is when you can start looking for correction to the upside, preferably in a double wave on the intraday charts like M15/H1 and sell.
Daily triple cycle seems to have completed itself. i'm now looking for buy setups only. A break above last high on the H4 chart would confirm the bullish momentum in the pair. Once that happens look for pullbacks and go long. The deeper the correction the better as the risk:reward will improve significantly. Target should be twice the stop loss, and the stop loss...
I am yet bearish in the pair and I think best way to join is by waiting for the H4 chart to get broken down and then we can look for pullbacks near the down trend line and resistance zone around 0.7500 to sell the pair. Technically D1 chart is already under bearish pressure due to the bearish divergence.MACD historgram is showing divergence on the H4 as well so...
Once the most recent high is broken, wait for corrections to improve the risk:reward and buy.
Look for pullbacks near the trend line and horizontal resistance then sell. Protection above last high.
Intraday sell in EURGBP is forming and I will look to go short once the short term trend line is broken. I would like to see a false break of the last high first of all. Protection should be placed above last high to be created. Targets 0.8200 and 0.8100 respectively.
USDCAD false break of the trend line (the lower one connecting the lows) along with divergence should be a good confirmation for another bullish leg to be created. Once that happens go long and protect last low formed. Target near the 1.3080 level.
Sell the breakout to the downside. Protection above last high created, first target 1.0950. Second target once bullish divergence occurs.