H4 - Price respected a key support zone and is currently bouncing higher.
Bullish divergence.
H1 - Bullish divergence.
Until the key support zone holds my short term view remains bullish here.
If we get a valid breakout above the high at 1.34760 we may then consider it as a validation for this short term bullish view.
D1 - Bullish trend pattern.
H4 - Bullish divergence on the MACD.
H1 - Bullish divergence on the MACD. If the price breaks above the last high at 0.66149 we may then look for more bullish evidences in order to join the bulls.
H4 - We want to see a break above 0.9808.
In case if that happens, we can look for small pullbacks and entry setups for buys.
If the price refuses to break above, we will wait for the next levels lower to be reached (around 0.97).
H4 - Triple cycle with double waves inside. We also have bullish divergence.
D1- Price has reached the magnet zone.
H1- We have a false break if we get a breakout above the last high, look for correction and once the correction completes itself, we can start looking for buys.
The breakout of the last high will also create higher highs for us.
D1 - Triple cycle completed followed by double wave which is expected to be the correction.
Two possible scenarios.
H4 - Until downtrend line holds we can look for sells.
H4 - If we get a breakout of the downtrend line, last high and the level mentioned in the chart, we can start looking for buys.
H4 - We can now start looking for pullbacks to short as the breakout of the up trend line has happened.
Two possible Scenario in M15:
Double wave correction – followed by trend line breakout for a sell.
Flat correction – followed by break of the range for a sell.
As long as the last high is holding we can look for shorts using the double trend line principle.
D1 - Price is moving inside the daily range and the top was respected.
As long as the last high is holding we can expect a down move from the top of the range.
Currently we have a correction and we can expect to see a further down move once this correction is over.
H4 - We have an uptrend line and also there is already bearish divergence. We will start looking...
W1 - Weekly range was respected and as long as last high is holding, we are after sells.
H4 - Short term bearish cycle coming near its end now.
Wait for double wave up to form, breakout of most recent trend line and go for short.
W1 - Range
H4 - Price broke above the swing high at 39.35.
Scenario 1 - One more wave down then buys with TL breakout.
Scenario 2 -
H1 - Most recent high and TL was already broken up. We can go long as long as last low around 37.95 is holding. We can wait for another small correction and trend line to be created, and wait for a breakout to enter.
M 15 -...
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.
H4 - We have bullish divergence formed and most likely to see double wave correction up and one more leg down.
H1 - Bullish divergence to be created which will confirm the H4 bullish divergence.
Sell -
Aggressive Entry: Wait for the last high (1.07) to be broken first and then we will be looking for the price to break below the trend line and then we can look...
The breakout that we were looking for turned out to be a false break which means we might be going inside a range on the H4 chart
We will be looking for shorts near the top of this potential range. As long as the last high around 0.7140 holds.
This is a very possible bullish scenario
Wait for confirmations or signal from your strategy! This is why don't just...
On a longer term my view towards this pair is bullish.
A pull back can be expected at the place where the price is currently.
H4 - We had a bullish cycle (green arrows)
As long as the last high holds we can try to short.
We will reanalyze the situation, if the price breaks the last high.
We will be looking for two waves down (red arrows) that ends with...
D1 - Price is moving inside the range.
We can go short as long as last high (83.60) holds.
Sell will trigger once a breakout below last low (82.57) happens.
Protection above 83.00. .
Invalidation - if price breaks above last high around 83.00 before we get triggered this setup will be invalidated and we will look for another opportunity to join.
