D1 - Price is moving inside an expanding channel. Price is near the magnet zone and bullish divergence is forming. We want to see a reversal once the price reaches the magnet zone and then we can look for buys. Invalidation - As long as the trend line and the low at 1.5903 is holding we can look for buys. If a breakout of this trendline and low happens then...
Price is close to the top of the W1 range There is a triple cycle on D1 chart and bearish divergence is already there. As long as the last swing high is holding, we can look for sells.We saw the price bouncing from the magnet zone already and also there is a possibility of another leg up. That is why the last D1 high must hold for us to look for sells. If the...
W1 - We have an amazing resistance created by two cycles which coincides around the 129.60 zone D1 - Potential bearish divergence is forming. H4 - We can look for corrections as long as last swing low is holding and go long towards the magnet zone which will be our final target. We will start looking for sells once the magnet zone (129.60) is reached, Ideal...
D1 - We have a good up trend line and is already very close to it. We can look for buys as long as 1214 zone holds. H4 - Triple cycle would end at 1220 zone which is also a magnet zone and a very strong supportive area of the D1 swing low. 1234 is the Fibonacci expansion 61.8% along with the daily trend line. Price already bounced from it, providing a good...