The Daily chart shows a bullish convergence. We now need at least a double wave retrace before price wil complete the second part of this double wave cycle. Price reached 100% FE of the last cycle upwards exactly on a strong Daily resistance level and potential divergence. As long as this resistance holds look for sells aiming 50% FR of the last cycle. Sell the...
Gold Double Wave Cycle sell Idea. As we can find a bearish divergence on the daily chart as long as the red TL holds Gold is a sell aiming 100% FE of the first cycle. TP 1 1241.49 TP 2 1226.87 SL 2 pips + spread above last high.
A setup in 3 steps. 1. Wait for a false break on the H4 chart with bullish divergence to form 2. Wait for a breakout to the upside of the last high 3. Buy pullbacks
Silver is creating a potential H&S pattern. We have a bearish divergence. As long as the red top TL is respected, sell the break of the Yellow TL. SL 2 pips + spread above last high. TP 1 15.50 TP 2 14.88
A three step setup. First i want to see a false break down. Then a breakout of the down trend line + most recent high and for the entry I will wait for a pullback to go long.
If price creates a false break at the weekly top TL sell this pair. If price bounces we have a bearish hidden divergence. SL 2 pips + spread above last high before the yellow line is broken. TP 1 38.2 FR of the last big cycle up 1.92.5 TP 2 1.83
Pair has broken the H4 trend line and it has created hidden bullish divergence. There is already bullish divergence on the H1 chart as well. Conservative long entry would be to wait for the down trend line to be broken to the upside along with last high at 1.2880. Buying pullbacks afterwards should be a good idea aiming last swing high around 1.3000
The pair is currently meeting a bearish trend line from the D1 chart. On the H4 chart if we get a break below 1.9520 try to sell any pullback towards 1.9580 zone.
I'm looking to buy the breakout of this potential H4 triangle. Aiming 1.50 as a target
There is already bearish pressure on the h4 chart. I'm looking to sell the pair once the most recent support zone is broken down along with the up trend line seen on the h1 chart.
I expect to see a second leg higher. I'm looking to buy the breakout of the short term down trend line.
I believe we will see another push higher and this is why i'm looking for double wave corrections on the H4 chart before continuation higher. Wait for price to reach 1.28 zone and look for bullish divergence to complete. 1.2950 could be used as first target than 1.3180
As long as the pair is holding above 1.11-12 zone i'm looking for bullish setups. One way to join is, if the price pushes lower near the daily trend line and holds above 1.11. Bullish divergence to complete and we can go long
Silver is under bearish pressure at least in the shorter term. Bearish convergence has been created on the H1 chart and now the pair is consolidating. We can go short with the break of the lower trend line on the M15 chart aiming 17.30 as first target and 17.00 as second one.
Pair has almost reach a double wave duplication zone which also coincides with the last spike on daily chart around 1.1700. Once the pair reaches this level and creates a bearish candle pattern, go for a sell protecting last high to be created and aim 1.1550 as first target. Second target should 1.1250
I believe the pair will re-visit the 0.7800 zone and this is why i'm looking for long entries. Here is my plan to join: Wait for the price to re-test the up trend line and once we get a bullish candle pattern on the H1 chart go for a buy. preferebly we will bullish divergence as well which will give us extra confirmation. Target 1: 0.7650 Target 2: 0.7800
Still following this pair. Price is approaching to the desired 90.00 level where a triple cycle might complete. That would be a great sell opportunity if we get bearish divergence + bearish candle pattern on the H4 chart. Target 1: 85.00 Target 2: 80.00
I believe the bearish pressure is still here and this is why i'm looking to short the pair. There is H1 hidden bearish divergence forming already. If the price reaches the sell zone and the hidden divergence completes itself i will be looking to sell. Target 1: 0.78 Target 2: until bullish divergence forms