big bullish bar react on support. So i will look to enter a position with low risk and high reward , then sell at the next resistance area Best of luck :-)
We got correction and buy opportunity towards the top, that is exactly what we were looking for. Divergence on H4 and H1 chart. I expect to see a potential divergence that we have at the moment, with another push up reaching the top.We may also see a false break and then a move down. Its time to get ready for sells. If you didn't already collected your...
Potential false break forming with the close of this H4 candle. What we want to see is a break below last low around 1.1780 and then start looking for sells.
We have a perfect sell zone and the price has now entered this sell zone. We have bearish divergence formed, now we will be looking for a false break above the last high and then the price to create lower lows. Once that happens we can start looking for sells.
D1 - Price broke out at the bottom of the daily range. We can look for sells, if this breakout doesn't turn into a false break. H4 - Price has created lower lows. H1 - Bearish divergence has formed wait for a double wave correction and once the break out of the most recent trend line happens, look for sells.
D1 - Price entered the sell zone. We can look for sells as long as top of this sell zone is holding. H4 - We have false breaks along with divergence and also there is a great trend line. Don't rush into trades without confirmation as the risk-reward here is fantastic (target 1 0.71, target 2 0.6850) Wait for good confirmations that the price is ready to...
W1 - Weekly divergence with false breaks. D1 - Trend line broken up. H4 - As long as 2.84 is holding, we can look for buys
D1 - Potential daily range and a false break has happened. H4 - We have higher highs and correction is happening now. H1 - As long as last low of the range is holding we can look for buys.
Price is currently pushing up and made the move to the zone where we wanted it and it reacted very nice from it. Conservative -Only after the blue trendline is broken start looking for buys with your favorite strategy. H1 - we have a classical Forex Libra Code setup - We have divergence (red) followed by higher highs (blue). What we can expect now is pullbacks...
D1 - Price reached uptrendline H4 - Potential divergence and false break. I would start looking for buys once the most recent high (currently around 0.9870) is broken up, and price creates higher-highs. Final target here would be the parity level: 1.0000
D1 - Price has reached the uptrendline. H4 - Potential divergence and false break I would start looking for buys once the most recent high (currently around 0.9870) is broken up, and price creates higher-highs. Final target here would be the parity level: 1.0000
In the previous post last week, we said that we are after buys that will come immediately after corrections. There were two false breaks on the H1 chart. We already see H4 divergence and I expect a short term bearish correction. There are two possible trading scenarios now: * Short Term Sells * Longer Term Buys Final target for the sell positions will be...
We said we are looking for pullbacks and then sell, in the previous post. However the market pushed lower towards the target zone and didn't provide us with such opportunity and it is now time to start looking for buys. D1 - Price reached the zone exactly where we expected it to reach. Also we have: * magnet zone * triple cycle * very strong horizontal...
My Long term view on this cable is buy. We are currently in a good place to look for buys. Bullish Scenario: Triple Cycle with Bullish divergence formed followed by False break. Until the last low holds we can expect the price to move up as the break below 1.2630 level was powerfully rejected. Bearish Scenario: I will be keeping an eye on the Daily...
Update for the Sell Idea that we are following from last week. On the H4 chart we will have a second false break if the current candle closes 0.7067. A break below the most recent trendline and the most recent low is what I am looking for on the H1 chart. Look for a small correction after the breakout and then enter to increase the risk reward ratio. Final...
Reading the chart After the French election the pair surged higher until it hit a "major" dynamic resistance (reprojected a channel aligned at the 2016-10-06). Now it consolidates awaiting the big news from the UK. As a pattern trader I look for patterns within consolidation with potential to break out. If I loose, I reset and wait for a retest of the broken...
Price was not able to stabilize above 1.3600 and closed strongly below last week. Sellers can look for short plays on pullbacks into 1.3600.