Price is currently at 61,8 of the last wave up fibo expansion. It is also sitting on weekly monster resistance. Sell with the break of the up trend line. If it continues higher look for bearish div to be completed (another MACD histogram peak) + false break of the trend line from the tops
If the price creates another low on the H4 chart along with bullish divergence we can go for a buy. Target 1: 0.6540 Target 2: 0.6650 Stop Loss: Break and close below the trend line and support area on the daily chart.
Daily cycle has completed (double wave up) and we can expect to see some bearish moves now. To stay on the safe side wait for the trend line break and confirmation (re-test and hold) before going short. Entry - short once the TL is broken and the break is confirmed Target 1: 121.50 Target 2: 120.20 Stop Loss: Break and close above 123.80 would invalidate our...
We have 2 scenarios to join this pair. Scenario 1 - go with the break of the trend line Target 1: 0.7180 Target 2: 0.7230 Stop Loss: Exit if price closes below 0.7100 Scenario 2 - after the double wave duplication completes look to buy from the 0.7080-70 zone Target 1: 0.7140 Target 2: 0.7180 Stop Loss: Close below 0.7070
Look to sell either with the break of the up trend line OR scenario 2 if the pair creates a double wave correction up near the 2.1500 resistance zone Scenario 1 Target 1: 2.1320 Target 2: 2.120 Stop Loss: If the break turns out to be a false one and the pair trades back above the broken trend line Scenario 2 Target 1: 2.1340 Target 2: 2.1200 Stop Loss: Break...
Pair starts to show bearish momentum so i think we should be looking for sell setups. Daily chart is making lower highs and bearish divergence is in place. I'm looking for double wave up to complete, and as long as 1.3450 support zone holds, i will look to sell Target 1: 1.3000 Target 2: 1.2950 Stop Loss:exit in case of break and close above 1.3300
H4– We can enter a buy trade in the AUDUSD if it breaks the highlighted triangle pattern and settles above it as highlighted in the chart attached Target 1: 0.742 Target 2: 0.7450 Stop Loss: Break and close below the triangle support trend line
We can enter a buy trade in the AUDUSD if it corrects lower in two waves. Target 1: 0.7280 Target 2: 0.7340 Stop Loss: Break and close below the last low created before entering the trade
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