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.
There is already signs of hidden bearish divergence on the H4 chart. It looks like the pair might be going for something that reminds a triangle. On the H1 chart we do have bearish divergence as well. One way to join the bears will be to wait for a breakout below the up trend line spotted on the M15 chart along with the most recent low.
GBPNZD sell intraday double waves around 1.9320 – 1.9400 zone. I expect the pair to continue its down move just waiting for best risk:reward ratio that we can get here. There is a very big chance the H4 chart to create hidden bearish divergence will will be an extra confirmation for this setup. Conservative entry will be with the break of the intraday bullish...
Gold – buy dips should be a good idea after the brexit vote last week. Ideally I want to see another leg to the down side and divergence forming. The most conservative way to try and join the bulls is to wait for the down trend line to be created and then broken up along with the most recent resistance or high. Then simply buy dips at the pullback.
EURCHF sell double waves to the up side. This is my plan to join the bears. 1.0960-1.0990 is the bearish zone to look for. Ideally i want to see divergence forming near the 100% duplication. Also a breakout below the up trend line to be created along with the most recent support zone will give us extra confirmation that the bears are taking the control.
Oil – sell around 48.00 where the intraday H1 cycle will hit 161.8 fibonacci level. There is strong resistance around this zone and potential hidden bearish divergence to form on the H4 chart. There are two ways to join the bears.
HomeForex Market IdeasTechnical AnalysisIntraday NZDCAD sell setup forming INTRADAY NZDCAD SELL SETUP FORMINGForex Market Ideas Technical Analysis June 28, 2016 No Comments Vladimir There is an intraday nzdcad sell setup forming on the H1 chart which i believe could be triggered today. There is a bearish trend line coming from the tops and I’m looking for a...
sell rallies after another leg to up side. Then a false break, followed by break below the last low and we can look to sell the pulbacks.
If we get another wave up, look for false break on the top, break below last low and then sell the pullbacks. Final target 98 zone.
Double false break on the top followed by break below last low on the H1 chart would be ideal setup to look for sell opportunities. If that happens try to catch the correction and sell.
I want to see a double false break on the H1 chart, followed by break below last low created to confirm the bearish momentum. Once that happens I will be looking for pullbacks near the trend line to sell.
I want to see a breakout below 0.7010 first of all and then I will be looking for corrections near the trend line and resistance zones to enter a sell trade.
It is very likely that we are going to see EURCHF going down for a second leg after correction. I will be looking to join this daily bearish cycle on the H4 chart. If we get a correction to at least 1.09 or even higher, I will be looking for bearish divergence to form and complete which will trigger my sell trade.
Sell the pair once we see a breakout below the most recent trend line and support zone on the H1 chart. Wait for a retrace after the breakout.