Bough the possibly* weekly false brake(*will see at weekly close) on the support of the trading range. Very similar to my previous MOS trade, will link to it for reference. Hoping for a push higher and if closing above 80 area, a possible upgtrend follow-through, surpassing MOS trade results.
I'm looking to go long near the bottom of this range. I want to see a false break on the H1 chart, then a breakout above the most recent down trend line. Protection below last low created. Target 1 - middle of the D1 range Target 2 - top of the range
Potentially setting up for a long position on a false break. Waiting for a trigger now to get in.
Bullish continuation is expected in Gold. It all starts from the H4 chart where the commodity broke above the most recent trend line and it looks like it is correcting itself at the moment. I believe this correction is near its end as we are pretty close to the trend line (re-test) and there is a strong support zone on the way. Hidden bullish divergence formed...
AUDUSD was firmly rejected yesterday, following a false break above trend-line resistance dating back to April 2013. Pair traded to new highs on Thursday, before finishing the day decisively lower, printing a Shooting Star bearish reversal candle. Sellers will now look to push the pair lower to the .7535 - .7480 daily support zone. Breach of yesterday's high at...
Ideally we want to see a false break of the last low. Next would be for the price to break above last high and the trend line. Final step is small correction down where we would enter a buy trade. Stop loss – below last low created. Target 1 – 1.0510. Target 2 – 1.0600.
The buy zone is near a great supportive area and fibonacci level. We want to see MACD histogram creating higher lows as well. Ideal scenario would be if price creates a false break (green line), then break above last high (red line) and at the end a correction which will allows us to go long at better prices and to improve the risk:reward ratio.
I'm following the two up trend lines as seen on the chart. Once the price enters the buy zone I want to see either false break + bullish divergence on M15/H1 or simply a bullish candlestick pattern on H1 for an entry. So we have two options to enter. Best is to put the protection below the buy zone (below 0.7180 or so). Use last swing high for your target.
Ideally I want to see silver pushing slightly higher to the down trend line creating a false break. I'm following the bullish trend line. Once broken down, after a re-test I will be looking to sell.
We have already seen a bearish false break on the H1 chart. Price has also broken down the last low, just now. We are now in the final step, where we want to see a pullback and sell from there. On the M15 chart ideally we will see a double wave up and then we can sell if bearish divergence forms. I have marked for you a sell zone where i expect the pair to stop...
Possible false break below the support zone. Buyers came in with force and if they can manage to keep the sellers at bay we will most likely see a retracement into the support zone where fresh buyers might enter and push prices up to 0.9800.
BUY SCENARIO Pair is currently breaking above a short term trend line and I expect a duplication of the last wave up. If we get a small correction in order to improve the risk reward ratio we can jump into a buy Aiming the duplication zone where we can switch to a sell. SELL SCENARIO If the pair reached the sell zone as marked on the chart, look for a false...
D1 chart has made a false break of the down trend line and has also formed bearish hidden divergence. You can either sell now market price protecting 107.00 level at least OR you can wait for the breakout of the range that the price is trading in right now. Targets as shown in the chart.
There are two possible scenarios to buy the AUDUSD pair. Scenario 1: Wait for the price to enter the BUY ZONE on the H1 chart, wait for the divergence to complete itself (MACD tick up) and a bullish candle pattern to appear - then buy. Scenario 2: Drop to the M15 chart, wait for the price to enter the buy zone, let the price create a false break, then break...
I'm looking for the pair to create a false break on the H4 chart. Next step is to see a break above the most recent high and once that happens i will focus on buying corrections as shown in the chart.
There is a triple cycle completing itself on the H1 chart. If we get another false break as shown in the image below, we can look for a convergence principle - pair to gain bearish momentum by breaking the last low after the false break - and then sell the correction in order to improve the risk:reward ratio.
There is a great potential sell setup forming in Gold on the H4 chart. Commodity has been trading higher for the past few weeks and it is not approaching good reversal levels, even if only for the short term. The bearish divergence is another confirmation for the bearish outlook Once the false breaks are there, next step is to look for a correction. Ideally we...
False break of corrective structure. Looking to buy at a retest of the range low with a target at the range high.