D1 - Bearish convergence after bearish divergence. A correction is happening now, we can expect a continuation down once this correction completes itself.
H1 - Triple cycle forming and we have a perfect sell zone at the top of the range., once the triple cycle completes itself we expect the price to reach the sell zone and a reversal to happen from there.
After ...
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 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 - We have bearish trendLlne and horizontal Resistance which is at the top of the range.
D1 - Price entering the cycle zone 161.8% also bearish divergence forming already.
Price is currently inside a great sell zone. We will see price in the zone 1.1450-1.15. It is recommended to wait for a signal from your favorite strategy as a confirmation before we jump in.
D1 - Massive bearish pressure on this pair all over .
H4 - i'm looking for shorts only, Price is currently trading inside a triangle of some sort. There are two possible scenarios here.
Scenario 1 - Move up, false break and then continuation down.
Scenario 2 - Move down without a false break.
For a few weeks now we have been following this pair.
Price is near the top of the weekly range.
H4 - Based on the analysis above we can look for sell opportunities as we can see that there was an initial move down followed by a correction.
No surprise to see price stalling at the round number of 0.7000
Back into structure for a retest. If price holds this level it's time to look for entry reason to get short with target down at 0.6900
Still waiting to get involved shortside on thi pair since the last published idea (reported on related).
At this time, another potential pattern (bearish Gartley) could be used as a reason for entry in confluence with a 50% Fib retracement of the most significant swing long that broke trendline on 8th Jan 2016.
Wait and see if Gartley plays out.
Targets on the ...
IM ALREADY SHORT IN THIS PAIR BUT IF PRICE RETRACES AND TAKES ME OUT OF THE TRADE THEN THE NEXT LEVEL I'D LOOK TO SELL IS AT MY CLUSTER ZONE/SELL ZONE. IVE GOT LOADS OF CONFLUENCES AT THIS LEVEL WHICH ARE THE 0.5 AND 61.8 FIB, SUPPORT TURNED RESISTANCE STRUCTURE LEVEL, MAJOR TRENDLINE, DYNAMIC RESISTANCE (50 MA) AND A NICE PSYCHOLOGICAL ROUND NUMBER (1.03000). ...
