In the long term we can expect the pair to rally further but on the shorterm term we can look to sell. Ideally we want to see the price close to the bearish trend line and the price to form bearish divergence. If the move up came in double wave that would be an extra confirmation. Target 1: 1.0850 Target 2: 1.0800 Stop Loss: Break and above the trend line and...
Double wave down near the broken trend line would offer a great buy opportunity aiming 1.3630 zone Target 1: 1.3420 Target 2: 1.3500 Stop Loss: Break and close below 1.3230
After the 2 waves down we can expect the pair to rally a bit further, then wait for double wave correction down and look for buy opportunities Target 1: 0.7300 Target 2: 0.7340 Stop Loss: Break and close below the 0.7180 area
D1– bearish convergence H4- We can enter a sell trade in the USDJPY pair if it moves a few pips higher from the current levels. Look for divergence and candle pattern to form as a trigger Target 1: 118.00 Target 2: 116.50 Stop Loss: Break and close below the 121.00 high
False break of last low, double wave down completed and there is a bullish trend line which seems to have stopped the commodity as for now. ENTRY: Look for break of the bearish trend line to go long Target 1: $1140 Target 2: $1165 Stop Loss: Break and close below the bullish trend line on the 4-hours chart
Wait for break of the trend line and support zone and look for pullback to sell Target 1: 2.0040 Target 2: 1.9950 Stop Loss: Above the 100 moving average on the 4-hours chart.
There is a double wave down which will be completed very soon. There is also bullish trend line waiting for the pair Target 1: 0.6400 Target 2: 0.6700 Stop Loss: Below the trend line and support area.
Sell with the break of the H1 up trend line and the most recent support zone. Target 1: 2.1550 Target 2: 2.1400 Stop Loss: Above the broken trend line and support area (turned resistance) combination.
Trading Idea: Pair has almost completed a double wave down on the daily chart and it is approaching a key support zone near 1.52. I believe we should soon see a reversal from this zone Ideally we want to see a false break of the trend line and then go long. Target 1: 1.5350 Target 2: 1.5460 Stop Loss: Below the last low created before entering into a trade.
As daily chart suggests that the pair might correct itself further near the 1.45-ish zone i think it is a good idea to look for sell opportunities. On the H1 chart there is a down trend line which if visited again and the price respects it, we can look to sell near it. Target 1: 1.4600 Target 2: 1.4550 Stop Loss: Above the trend line resistance area
Sell once the wave duplication is completed near 121 OR Alternatively wait for the break of the trend line Target 1: 118.00 Target 2: 116.50 Stop Loss: Above the last high created before entering the trade
Double wave up completed so now we can wait for the commodity to correct itself in double waves and look for a buy opportunity. Ideally Oil should create a pattern while completing the double wave correction, which once broken could be a trigger for a buy. Target 1: $40.60 Target 2: $42.00 Stop Loss: Below the last low created
Entry - Look for double wave up near the trend line and the horizontal support and then go for a sell Target 1: 1.5800 Target 2: 1.5880 Stop Loss: Below the last low created before entering into a trade
Entry– We can wait for a minor correction in the GBPUSD pair in three waves down to enter a buy trade Target 1: 1.5800 Target 2: 1.5880 Stop Loss: Below the last low created before entering into a trade
The pair might complete a double wave up (weekly chart) before continuing down so in the short term i'd be looking for buy opoprtunities on the H4 chart.
* Double wave completed on the Daily chart * Divergence * Range Break above should push the commodity to $1120 and then probably $1130 If broken down we can expect duplication of this channel
We can enter a buy trade if the pair corrects lower in two waves and trades close to the highlighted support area at 1.0980-60. Target 1: 1.0990 Target 2: 1.1050 Stop Loss: A close below 1.0950
Look for buy entries if the price corrects to the up trend line and support zone Target 1: 193.80 Target 2: 194.50 Stop Loss: A close below 192.00