I'm looking to buy near the H1 chart bullish trend line. Ideally i want to see a double wave correction near the TL ending with bullish divergence. Stop Loss: below 1.0290. Target 1: 1.0340. Target 2: 1.0430.
Look for a breakout above last high. Then wait for a pullback and buy. If we get bullish divergence on the h1 chart would be an extra confirmation. Stop Loss – below last low to be created. Target 1 – 1.0340. Target 2 – 1.0400.
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...
Sell Scenario 1 (H1 Chart) We don’t yet have a clear trend line but if the pair consolidates before pushing higher, we will use the low to draw our most recent bullish trend line. Once price reaches the 1.3210 level, we can start looking for the breakout below the TL. Stop loss – above last high created. Target 1 – 1.3100. Target 2 – 1.2960. Sell Scenario...
I will be looking to execute the buy on the H1 chart. The buy entry will come after two things. First of all i want to see the price going below the level marked on the image – 0.7290 or so. Next step is to wait for the breakout above the most recent bearish trend line. This is where the buy would come. Stop loss – below the most recent low. Target 1 –...
There is a trend line coming from the highs which might act as our dynamic resistance. It is very likely that we will see a re-test of 77.00 before continuing down to 76.00. The idea is very simple. Watch out for corrections toward the sell zone and sell. Stop loss – above last high to be created. Target 1 – 76.50. Target 2 – 76.00.
Wait for price to reach the sell range between 1.5050-1.5100 and sell. Stop Loss – above most recent high. Target 1- 1.4870. Target 2- 1.4750.
USDCAD is trading inside a channel/triangle on the D1 chart and it is currently near the up trend line of the formation. On the H1 chart there are two possible scenarios to follow. Scenario 1: Break above the down trend line, retrace and buy. Scenario 2: False break of the last low, retrace and buy. Protection should be placed below the last low to be created....
I expect to see a duplication of the first bearish wave of the H4 chart. After the h1 triangle breakout, look to sell rallies. Stop Loss – above 1.4670. Target 1 – 1.4550. Target 2 – 1.4480.
I expect the pair to correct deeper near the up trend line and this is where i would like to buy, after a double bearish cycle on the H1 chart and a bullish divergence to form. Stop Loss – below last low created. Target 1 – 1.3325. Target 2 – 1.3435.
On the H4 chart we see that the pair created divergence followed by convergence which means only 1 thing - sell rallies! This is my plan to join the bears. Wait for the price to enter the sell zone and short. Ideally we want to see hidden bearish divergence forming inside the box. Stop Loss – 78.90 Target 1 – 77.60. Target 2 – 77.00.
After the breakout of the D1 triangle price is not correcting itself and once the most recent down trend line (yellow dotted line) get's broken up we can wait for a small correction and buy. Stop loss – below last low. Target 1 – 1.0920. Target 2 – 1.0990.
The bearish divergence is already taking place on the H4 chart. At this place or even after another push higher (potential false break) we should be looking for a breakout below the up trend line (blue). To recap – wait for a break below the up trend line, wait for a small pullback and short. Stop Loss – place the stop loss above last high to be created. Target...
We want to see the price entering the range marked below and then sell with the breakout of the trend line. Of course once the breakout happens wait for a small pullback in order to improve the risk:reward ratio and then short the pair. Stop loss – above the last high created. Target 1 – 0.7210. Target 2 – 0.7100.
Wait for price to enter the 77.80-78.00 zone and then once the up trend line is broken down, go short on the retrace. Stop loss above last high created. Target - 77.50. Once the price reaches the target zone look for hidden bullish divergence and switch for a sell. Ideally we want to enter with the breakout of the down trend line that will form during the down move.
A breakout above the down trend line and a small pullback down before buying. Stop loss – set your protection before the last low created Target 1 – 1.5440. Target 2 – The upper triangle trend line (h4 down trend line) or once we get a bearish divergence.
Sell the pair with the breakout of the up trend line in the short term. Once we get bearish hidden divergence on the h1 chart start looking for buy entries to switch as I expect the pair to continue higher.
Wait for a breakout below the blue trend line. Once the break is a fact, look for a pullback near the broken trend line/red down trend – basically the zone marked as SELL ZONE in the image below. Stop Loss – above the closest resistance. Target 1 – 0.8100. Target 2 – 0.7650.