D1 - Double wave up, price is in the critical zone, bearish divergence. H1 - Bearish divergence followed by bearish convergence. We may now look for pullbacks and sells with bearish evidences. Invalidation: This short term sell setup is valid until the last high (marked in pink line) holds.
H1 - Price broke below the range. We may now look for pullbacks to happen. Once the pullback completes itself, we may then look for evidences of bearish pressure in order to start looking for sells.
H1 - Price has reached the critical zone and is moving higher. We may now expect short term pullbacks to happen. Once the pullback completes itself, we may then look for evidences of bearish pressure in order to join the bears, expecting the price to continue lower.
i would like to see cadnzd push up before we see bears pulling it back down..
D1 - Price broke above the top of the range. H4 - We have a five leg structure that has formed with bearish divergence at the end of it. We may now expect correction to happen towards the critical zone, we may then start looking for buys with more bullish evidences.
W1 - Bearish momentum and breakout of the inner triangle inside the horizontal range. D1 - Looking for pullbacks to sell, below 0.74. Once the pullback completes itself, we may then look for more evidences of bearish pressure and then start looking for sells.
H4 - Price has created lower lows. We have a critical zone that has formed. We may now expect one more push higher from the current zone towards this critical zone. Once the pullback completes itself, we may then start looking for sells with more bearish evidences.
D1 - Price is moving inside multiple channels. Currently the price is trading in a critical area where two of the channels coincides. H4 - Two false breaks with bearish divergence. Wait for the price to move lower and break below the low shown in the screenshot (marked in green line). We may then look for pullbacks and sells with bearish...
Since finding support around 1.2690 the Pound has managed to retrace ~350 pips and is now sitting right below the 1.300 handle, which was formerly support now turned resistance. Depending on today's close, we might be entering into a range as the Dollar continues to give ground against the other majors. For now, I'll be watching and waiting for a signal from my...
W1 - Potential second false break with bearish divergence. D1 - Price is currently near the middle of the range. H4 - We may now look for pullbacks and sells.
We last posted on the GBPCAD on March 23rd when price had pulled back to a pivot support level. 5 days on and we can see there has been little change in price. However, the positive that we can take from this is that this pivot support level is holding strong. If we look at the structure of the trend from January when priced bounced off the daily 200SMA, we...
D1 - Price respecting downtrend line and alternative trend line. Currently the price has reached the downtrend line, we may now expect the price to respect this trend line again and move lower. H1 - Price broke below the uptrend line, we may now look for pullbacks and sells. Invalidation: If the price moves higher and breaks above the D1 downtrend line then...
W1 - Price is near the middle of this range, hence we may now expect it to move lower towards the bottom of this range D1 - Price broke below the trend line. H4 - We may now look for pullbacks and sells. Note: The level I marked in green is an important support, so pay attention when price comes closer to it
W1 - Price is currently near the top of the range, price has also reached the magnet zone and also a bearish divergence has formed. D1 - Two potential false breaks and bearish divergence. H1 - We may now look for pullbacks and then sells. Invalidation: If the price moves higher and breaks above the last high then this setup is invalidated.
H4 - Hidden bullish divergence, we can expect second leg down until the price reaches the magnet zone. H1 - We may expect pullbacks and only down moves. We expect the price to move lower on short term and in the mid, long term.
D1 - Price reached important resistance zone. We have bearish divergence. Price reached the two levels but was rejected. H4 - Bearish divergence followed by bearish convergence and also price broke below the two lows. As long as the H4 high is holding, we can look for pullbacks and sells. Alternative Scenario: On the daily chart 61.8 of the first wave has not...
H4 - We saw the breakout and we can now look for pullbacks and sell.