EURUSD Buy IdeaH4 - Price is nearing the critical zone.
H1 - Potential five leg structure forming,
We may expect one more push lower with the price reaching the critical zone, divergence to form and would like to see the five leg structure completed.
We may then look for more evidences of bullish pressure in order to join the buys.
Alternatively if the price moves higher from the current zone then wait for the price to break above the high shown in the chart (marked in green line), we may then look for pullbacks and buys with more bullish evidences.
Criticalzone
Ripple XRPUSD Short Term Buy IdeaD1 - Price reached the critical zone.
H4 - False break with bullish divergence. As long as the critical zone holds we may look for possible buys with bullish evidences.
H1 - If you want to be more conservative then wait for the price to move higher and break above the last high on the H1 chart, you may then start looking for buys with more bullish evidences.
Alternative Scenario - On the H4 chart wait for the price to move lower further towards the low shown in the chart, then once the price moves higher and breaks above the newly formed high you may then start looking for buys with more bullish evidences.
Invalidation: If the price moves lower and breaks below the critical zone then this buy idea will be invalidated.
Quadruple top!! What next?The situation with the DJI is now crazy! Some say the more times price approaches resistance the greater the chance of a breakout. Some say the opposite.
I've seen price fail to breakout after 9 hits on a support/resistance level (with other instruments). The DJI is now anybody's guess.
NZDCHF Double ScenarioD1 - Price reached a critical zone based on the fibo levels of the cycles, bullish divergence.
H4 - Bullish divergence, until the last low holds I may now look for bullish setups with more bullish evidences in order to look for short term buys towards the 38.2 to 50% fibo retrace zones.
Once the price reaches these zones, I may then look for bearish setups with bearish evidences in order to start looking for possible sells.
Invalidation: If the price moves lower and breaks below the low (marked in red line) shown in the chart then this idea will be invalidated.
EURAUD Sell IdeaD1 - Price reached a critical zone, potential bearish divergence forming.
Until this critical zone holds and the possible divergence is not invalidated, we can look for sell setups.
H4 - Bearish divergence completed already along with nice bearish Engulfing pattern. That’s the first aggressive trigger.
If you want to be more conservative then wait for the price to break below the low shown in the chart. you may then look for more evidences of bearish pressure in order to start looking for the sells.
It would be interesting to see how the 1.6360 level will be handled. False break at the end of the day or the price will remain above it? Reminder that this is a critical level from the D1/W1 charts.
AUDCHF Buy IdeaD1 - Price reached the bottom of the range, potential bullish divergence.
H4 - Price has reached a critical zone, bullish divergence. Until the critical zone holds we may expect bullish moves.
If the price moves higher and breaks above the downtrend line then it would be the first sign of bullish reversal.
More conservative options require a break above a significant high.
AUDCAD Sell IdeaD1 - Bearish hidden divergence.
H4 - We have two critical zones that has formed and the price has currently reached the first critical zone, bearish divergence.
H1 - Bearish divergence, until the first critical zone holds, we may look for more evidences of bearish pressure in order to join the bears.
Alternatively if the price moves higher then the next area to look for sells with bearish evidences would be the second critical zone.
EURCAD Sell IdeaD1 - Price is moving inside a triangle pattern and is currently nearing the top of it.
H4 - Potential double wave up, we have a critical zone that has formed based on the fibo level of the cycle and the top of the triangle pattern.
We may now expect one more push higher from the current zone towards this critical zone with bearish divergence to form.
We may then look for more bearish evidences in order to join the bears.
EURCHF Buy IdeaD1 - Price is nearing the bottom of the range.
If we didn’t get a valid breakout below the bottom of the range, we may then expect the price to respect it and move higher again.
H4 - We have a critical zone that has formed based on the fibo levels of the cycles.
We may now expect one more push lower from the current zone towards this critical zone, we may then look for more bullish evidences in order to join the bulls.
We also have potential bullish divergence that is forming at the moment.
EURAUD Sell IdeaD1 - Price reached the critical zone formed by the fibo level and the resistance area and is currently moving lower.
H4 - Price reached a critical zone formed by the fibo level of the cycle and is currently moving lower, we have bearish convergence and currently it looks like a pullback is happening.
If the price moves lower and breaks below the 1.61186 level, we may then start looking for more bearish evidences in order to join the bears.
This sell setup is valid until the invalidation level (marked in yellow line) holds.
USDJPY Sell IdeaD1 - Bearish convergence, currently it looks like a pullback is happening.
H4 - Price has reached the critical area formed by the downtrend line and the resistance zone. Potential bearish divergence.
H1 - Triple cycle up, price has reached the critical zone formed by the fibo levels of the cycles. Bearish divergence.
We may now look for more evidences of bearish pressure in order to join the bears.
CADCHF Sell IdeaH4 - Special or triple cycle completed, currently it looks like a retrace is happening, bearish hidden divergence.
H1 - Double wave up, price has reached the first critical zone, bearish divergence. Until this critical zone holds, we may look for more evidences of bearish pressure in order to start looking for sells.
If the price moves higher then the next area to look for sells with bearish evidences would be the second critical zone.
CADCHF Buy IdeaW1 - Price is nearing the top of the triangle pattern.
D1 - Double wave up, price still has room higher towards the critical zone formed by the 61.8 fibo level and the top of the weekly triangle.
H4 - Double wave down, price has reached a strong support zone, potential bullish divergence.
H1 - We have a critical zone that has formed based on the fibo levels of the cycle and the support zone.
Price has reached this critical zone, we may now look for evidences of bullish pressure in order to join the bulls.
EURCAD Sell IdeaD1 - Price has reached the top of the triangle.
H4 - Price has reached the top of the range, bearish divergence.
H1 - We have a critical zone that has formed based on the top of the range, triangle pattern and the fibo level of the cycle.
Price has reached this critical zone, we have bearish divergence.
We may now look for sells with more bearish evidences.
Invalidation: If the price moves higher and breaks above this critical zone with momentum, then this sell setup will be invalidated.
EURUSD Buy IdeaD1 - Price is nearing the bottom of the channel, bullish divergence.
H4 - We have two critical zones that has formed based on the fibo levels of the cycles and the bottom of the daily channel, bullish divergence.
H1 - Price has reached the first critical zone, potential bullish divergence. We may now look for more bullish evidences in order to join the bulls.
Alternatively if the price moves lower further then the next area to look for buys with bullish evidences would be the second critical zone.
GBPJPY Buy IdeaH4 - Price has reached the bottom of the triangle.
If we didn’t get a valid breakout here we may then expect the price to respect the bottom of the triangle again and move higher towards the top of this triangle.
H1 - Price reached a critical zone, bullish divergence.
We may now look for more evidences of bullish pressure in order to join the bulls.
NZDCHF Sell IdeaD1 - Potential double wave down, price still has room lower towards 61.8 fibo level.
H4 - Special cycle completed, we have two critical zones that has formed based on the fibo levels of the cycles.
Price has reached the second critical zone, bearish divergence.
We may now look for more evidences of bearish pressure and then start looking for sells.