FreeForexSignals4u

FreeForexSignals4u Oct 29, 2021

As you can see from the linked chart we are bullish on the cycles here. Currently at the end of a ABC pattern we have divergence and convergence to confirm we expect to see further upside

FreeForexSignals4u Oct 29, 2021

We have a nice clear ABC corrective pattern with a clearing zone and engulfing candle at the support. I would expect to see a move upwards to the 38% retracement of this down move.

FreeForexSignals4u Oct 28, 2021

Starting with the daily (linked chart) you can see we have a nice trendline with higher highs and higher lows. The 4 hour chart shows the change in downside structure with divergence, convergence and a pull back which shows price action that buyers are trying to take back control.

FreeForexSignals4u Oct 28, 2021

We have had a good move up with higher highs and higher lows. The trendline and recent rejection with the engulfing candle gives indication of a further leg up which could be the next impulse wave.

FreeForexSignals4u Oct 27, 2021

This is the second attempt at the longer term idea as per the linked chart. We have now made a double top with divergence and convergence on the 1 hour chart. I am looking to make the next leg down at least to the management zone and target 1

FreeForexSignals4u Oct 22, 2021

A you can see from the attached weekly cycles we have reached a major resistance. The divergence on the hourly chart confirmed by convergence and 3 waves down followed by a short 2 waves up gives us the entry

FreeForexSignals4u Oct 22, 2021

As you can see from this chart we have reached an important resistance zone which is also 3 waves up with divergence on the last wave. I would expect to see 3 waves down now.

FreeForexSignals4u Oct 21, 2021

As described in the linked charts we reached a magnet zone and was waiting to see divergence and convergence at this level. the first attempted didn't cross the validation zone but the second attempt is now in play with divergence and convergence on the 1 hour and 4 hour charts

FreeForexSignals4u Oct 20, 2021

After 3 waves down and a Bigger Daily picture of change in the downside structure as long as the current area of volume holds then my view remains bullish. Convergence on price action between the Divergence confirms my bullish view. I am looking for a 38% retracement of the current up move to enter the trade. The invalidation zone is below the last swing low.

FreeForexSignals4u Oct 20, 2021

We have had 2 corrective waves up followed by a wave down to 50% of the initial move up. This is also a strong support resistance zone. We have extreme divergence in this area followed by a slowdown and continuous divergence. On the hourly we have divergence on the MA's but no convergence so this is an aggressive trade at current levels.

FreeForexSignals4u Updated  Oct 17, 2021

We have had a 3 wave impulse move down followed by 2 waves correction. The 2 wave correction is currently between the 38% and 50% of the 3 waves down. I would now expect another 3 waves down to 100% fib extension to 16100

FreeForexSignals4u Oct 17, 2021

The cycles on this currency pair are set up nicely for another drop if I am correct. (See linked idea) On this 4 hour chart we can assume we are in the magnet zone and have divergence on both the histogram and the MA's. I am looking for the recent low to be cleared and convergence on the Histogram ideally. We could see another bounce of this level and another...

FreeForexSignals4u Oct 13, 2021

If the price breaks through the validation zone then I will look for a pull back to around 50% of the breakthrough leg up. We are at the end of a corrective cycle on the daily chart which is also a 161 extension of the B leg of this ABC cycle. Strong support makes this a classic magnet zone.

FreeForexSignals4u Oct 12, 2021

As you can see from the cycles on this chart we have had 5 impulse waves upside and ABC corrective pattern down to strong support. I would expect a push back to at least the 38% of the ABC pattern.

FreeForexSignals4u Oct 12, 2021

We have had an ABC correction down to a major support level which is showing divergence on the MACD histogram and MA's I would like to see convergence or convergence principle (shown by the dotted line) then a pull back to enter

FreeForexSignals4u Oct 12, 2021

This is part of another analysis with the MACD where you will see the divergence and expected convergence

FreeForexSignals4u Oct 11, 2021

On the daily chart we have had a 3 wave correction followed by a wave up which on the 4 hour chart is a clear 5 wave impulse. This should now be followed by a correction to the downside. the current level is consistant with a 50% pull back of the original 3 wave down. This is a short term sell with an aggressive entry at the current price or wait for convergence...

FreeForexSignals4u Oct 8, 2021

Following the daily chart on this one we have an interesting scenario. please visit the daily bullish idea attached below.