EURAUD H1 after a bullish convergence completed a nice 5 wave retrace back to support zone. Buy market aiming resistance level @ 1.5173 SL below support 1.4680
AUDCAD after a "Special Cycle" surprised us with one more push up. As price now broke the bottom TL look for a retest of the TL in order to sell. Sell Rallies. Target T1 38.2 FR @ 0.9878 T2 50 FR @ 0.9825
While last top at 2007 holds, pressure remains with the bears. 15M Shows us the bottom TL is broken. Sell the retest of last support and trendline zone. SL 1 point above last high. Target T1 1965 T2 1910 T3 1800
OIL reached a strong Daily resistance and we can find a bearish divergence on the H1 chart. Also we can find a bearish convergence on the 30M chart. Look for price to create a double wave retrace in order to short. SL above last high target. T1 38.2 FR 33.50 T2 50% FR 32.19.
GBPNZD created a bullish convergence on the H4 chart and did a double wave retrace. Buy market here protecting last low SL 2.0819 aiming 2.1478
GOLD seems to have found a potential top. On the H1 chart GOLD has an immantent potential break below the bottom TL and bearrish convergence. If we see a closed candle on the H1 chart below the bottom TL, we wil look for an entry market price or wait for the retest of the TL for conservative approach.
GOLD is creating a monster sell opportunity. Last week it showed a bullish convergence on the weekly chart suggesting that we can expect one more push upwards. Now GOLD is looking for its top and we already have a bearish divergence, soon we can look for an entry to short. First target 38.2 FR 1190.65 TP2 50% of the Special Cycle 1163.25
This pair created a bullish convergence (Red Arrow) followed by a retrace. We also can see a small rally after that but now price is again in the support zone. Ideally we need to see one more push lower before we can try to long this pair. Enter the trade when the red TL is broken. Target 1.92 SL below last low 1.8675
AUDCAD completed a "Special Cycle". We have a divergence to confirm the cycle is over. Sell here Market VS last high aiming T1 32.8 FR arround 0.98 and T2 50% FR arround 0977.
After this double wave cycle completed we find a bullish convergence on histogram. Look for a double wave correction towards support in order to go long aiming T1 38.2% fibo of double wave cycle towards 1.0960. And T2 Daily TL.
After e clear Triple Wave Cycle downwards, price created a bullish convervence on the histogram. This should lead to new highs. Enter long, as long as last low holds, after a double wave retrace arround 1.46 aiming 1.485
After a triple wave cycle up we can find a bearish divergence. Sell the break of the red TL aiming 50% of the triple cycle around 0.97.
After a double wave cycle that is now almost completed, we are looking for retraces. Sell the break of the red TL as we have a bearish divergence on H1. We should see the monthly TL retested again. As we can see a bullish convergence already we would like to see price to restest the M TL before going long.
Look for the pair to go near the down trend line and go for a short on the intraday time frames. Preferably we should have bearish divergence + bearish candle pattern and/or false break of the trend line Target 1: 2.0420 Target 2: 2.0380 Stop Loss: Above 2.0560
Sell close to the down trend line or alternatively sell with the break of the up trend lines, either the most recent one or the longer term one. Target 1: 0.7500 Target 2: 0.7450 Stop Loss: Above 0.7720
Spike or false break above the last high together with divergence and we have a sell signal. For a more conservative entry wait for the trend line break Target 1: $1100 Target 2: $1090 Stop Loss: Above $1135
The plan here is very simple but it might require some patience on your side. 1. Wait for bearish convergence to be formed 2. Wait for double wave correction 3. Find a sell entry after the double wave (bearish divergence, bearish candle pattern) Target 1: 1.4300 Target 2: 1.4150 Stop Loss: Above the last high created before entering a sell trade or above 1.4700.
The pair completing the double cycle on weekly TF and it's good to look for small risk sell as the reward we can get is just HUGE