Amazon Sell IdeaW1 - We can start looking for sells as long as the last high on weekly chart is holding. Also price is near the end of a potential triple cycle.
Bearish divergence between the last two legs of this bullish trend. RSI already heading downwards after an extreme.
D1 - Bearish divergence (red arrows) followed by bearish convergence (blue arrows) which is a classical reversal setup.
We can look for sells in this Stock, once again as long as last high is holding
NOTE - There is a possibility for some sort of flat correction as well. If that would be the case we will update our plan accordingly.
Triplecycle
GBPCAD Buy IdeaDaily - Price is nearing the magnet zone, triple cycle and bullish divergence forming.
H4 - Second leg is expected to form and the price to enter the magnet zone.
Bullish divergence has formed and once the second leg completes itself and the price enters the magnet zone.
We can then start looking for buys.
AUDUSD Sell IdeaPrice 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 high is broken, we will re-analyze the situation, and find new setups to follow.
Final target - 0.7520
Appropriate strategies:
Crystal Ball
sRs
Triple B
Gold Buy ZoneD1 - 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 movement up. Keep in mind price is already in a good place for buys.
Summary - Until the 1234 zone holds we can look for buy opportunities already. Next zone to follow is slightly lower around 1220.