Special Analysis: Sterling Pound for long-term!!!As the American is into the reccesion for long-term, America experiment a grant deprecciation of their value in long-term!!!
Well in monthly timeframe we could see a formation of armonic pattern, that mean that Sterling Pound it's could be to reach the 1.27% or 1.618% of Fibonacci's armonic.
It's so curios becuase hile Euro is up, Sterling is up too and have the same cycle as Euro too.
What do you think about this analysis that I share you?
Specialcycle
AUDCHF Short Term Buy IdeaW1 - Special cycle completed, currently it looks like a retrace is happening.
H4 - Price reached a strong support zone based on the fibonacci expansion levels of the cycles we have. double bottom, bullish divergence on the MACD histogram and moving averages.
H1 - Bullish convergence, we may now look for pullbacks and then buys with more bullish evidences.
NZDUSD Buy IdeaW1 - Special cycle, price reached a critical zone, bullish divergence. Until this critical zone holds we may look for retraces to happen.
D1 - Bullish divergence, price broke above the most recent downtrend line.
H4 - Price is moving inside a triangle pattern, if we get a valid breakout above this pattern, we may then start looking for buys with bullish evidences.
Dax Sell IdeaD1 - Potential double wave down, price has room lower towards the critical level.
H4 - Special cycle completed, currently a retrace is happening, double wave up price has reached a critical zone formed by the 100 fibo expansion level and 61.8 fibo retrace level.
Potential bearish divergence. Until this level holds we may look for bearish setups with bearish evidences in order to join the bears.Price
H1 - Price has reached a critical level formed by the fibo levels of the cycle. This critical level coincides with the H4 critical zone. Bearish divergence.
Invalidation: If the price breaks and holds above the H4 critical zone then this sell setup will be invalidated (false breaks can be neglected).
EURGBP Sell IdeaW1 - Price trading inside a range. Top of the range zone is now reached.
D1 - Special cycle. Potential bearish divergence on the way.
If this special cycle completes itself then as per the book scenario we may expect possible pullbacks to happen.
We may then look for bearish setups with bearish evidences on lower timefrmaes in order to start looking for the sells.
NZDCHF Sell IdeaD1 - Special or triple cycle completed, currently it looks like a retrace is happening.
H4 - We have two critical zones that has formed based on the fibo retrace and fibo expansion levels of the cycles.
Price has reached the first critical zone, we have bearish divergence, until this critical zone holds, we may look for more evidences of bearish pressure and then start looking for sells.
If the price moves higher then the next area to look for bearish evidences would be the second critical zone.
GBPCAD Sell IdeaD1 - Price broke below the bottom of the bullish channel.
H4 - Currently it looks like the special cycle has completed itself.
We have two critical zones that has formed based on the fibo retrace levels of the special cycle.
We may now expect the price to move higher until it reaches the first critical zone and then we may look for evidences of bearish pressure in order to join the bears.
If the price moves higher above the first critical zone then the next area to look for sells with bearish evidences would be the second critical zone.
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.
CADJPY Sell IdeaD1 - Price has reached the dynamic resistance.
If we didn’t get a valid breakout here we may then expect the price to respect this trend line and move lower again.
H4 - Special cycle, bearish divergence.
If the price moves lower and breaks below the low shown in the chart, we may then start looking for sells with more bearish evidences.
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.
CADCHF Short Term Sells and Long Term BuysD1 - Potential big double cycle, price still has room higher towards the 61.8 fibo
H4 - Potential special or triple cycle. We have a critical zone that has formed.
We may now expect one more push higher from the current zone towards this critical zone with the bearish divergence completing itself.
We may then start looking for short term sells with bearish evidences towards the 38.2 - 50 fibo retrace zone.
Once we get opposite evidences then I would be looking for bullish setups in order to join the bulls.
EURCAD Sell IdeaD1 - Potential double wave down, price has room towards 61.8 fibo level.
H1 - Special or triple cycle completed, currently it looks like a pullback is happening.
We also have two critical zones that has formed based on the fibo levels of the cycles.
I’m looking to sell pullbacks with bearish evidences here.
GBPCAD Sell IdeaH4 - Special cycle completed, currently a retrace is happening in the form of double wave up.
We may now expect this retrace to happen until price reaches the 38.2% – 50% fibo retrace zone.
Once the price reaches the magnet zone, we may look for evidences of bearish reversal and then we may start looking for sells.
Note: The conditions here are really good, hence we may now look to sell every rally.
USDJPY Double ScenarioSell Scenario:
D1 - Special cycle completed, currently a retrace is happening towards the 38.2% - 50% fibo retrace zone. Once the price reaches this zone we may look for evidences of bearish reversal and may start looking for sells.
Buy Scenario:
H4 - Triple cycle completed, currently it looks like a retrace is happening in the form of double wave down towards the 38.2% - 50% fibo retrace zone.
Once the price reaches the magnet zone look for evidences of bullish reversal. We may then start looking for buys until price reaches the 38.2% - 50% fibo retrace zone of the daily special cycle.
EURCAD Sell IdeaH4 - Special cycle has completed itself, currently a correction is happening.
We may expect this correction to happen in the form of double wave up until price reaches the 38.2% – 50% fibo retrace zone.
Once the price reaches this zone look for evidences of bearish reversal in the form of bearish divergence, false break, trend line breakout, etc..
We may then start looking for sells.
Note: Since weekly and daily are yet bearish, this is an aggressive approach (meaning – very low risks) and wait for double confirmations.
EURCAD Buy IdeaH4 - Looks like special cycle is completing itself, price reached the magnet zone, we have bullish divergence.
If the price moves higher and if we get more bullish evidences in the form of false break and trend line breakout.
We may then start looking for buys expecting the price to move higher until it reaches the 38.2 - 50% fibo retrace zone.
USDJPY Buy IdeaD1 - Special cycle completed, we may expect a correction to happen until price reaches the 38.2 - 50% of the fibo retrace zone.
H1 - Triple cycle, once the triple cycle completes itself, we may expect a correction to happen in the form of double wave down.
We can then start looking for the buys with the breakout of the most recent trend line.
Invalidation: If the price moves lower and breaks below 104.50, then this setup is invalidated.
DAX Sell IdeaH4 - Price reached the 38.2% - 50% retrace zone of the special cycle, bearish divergence. Price broke the uptrend line.
H1 - Bearish divergence, bearish convergence. We may now expect a correction in the form of double wave or a flat correction in the form of range.
Once this correction completes itself we can start looking for sells.
Invalidation: If the price moves higher and breaks above the last high then this setup is invalidated.
Note: The aggressive approach is already active here with the breakout of the H4 trend line.
USDJPY Sell IdeaD1 - We have a potential triple cycle and it looks like this triple cycle is converting itself into a special cycle now. We have divergence only on the histogram now.
We may now expect a correction to happen within the area which was the breakout zone and the bottom of the range. Once this special cycle completes itself we may look for a correction to happen and then continuation to the downside.
H4 - Hidden bearish divergence, downtrend line is being respected.
H1 - Bearish divergence. If you want to be conservative wait for the price to break below the low at 107 (approx) and then we can start looking for sells.
AUDJPY Sell IdeaD1 - Price is at the top of the range. Special cycle completed. Bearish divergence formed.
H4 - Bearish divergence followed by bearish convergence, we may now expect pullbacks and then we can look for sells.
Target: Based on the special cycle we may expect the price to move lower until it reaches the zone of 38.2 fibo – 50 fibo retrace.
Bayer Buy IdeaW1 - Double wave down, Price moving higher after reaching critical zone. Bullish divergence formed.
D1 - Special cycle completed, we may expect the price to reach 50% retrace.
H4 - False break on the bottom and also a false break on the top with convergence. Possible push to upside or at least in a corrective range.
As long as the low at 102.11 holds, we can look for buys until price reaches 38.2% and 50% of daily special cycle.
H1 - If we get a break above 104.84 and creates higher highs, we can then start looking for buys.