D1 chart is close to extreme. The pair is in front of resistance on the weekly chart. RSI on weekly is also close to extreme. H4 chart is already in the extreme zone
according to RSI and started to form a bearish divergence.
One way to enter will be with a false break on the H4 of the 1.44 level
Alternatively if it pushes higher we will be watching MACD to create another
bullish slope and then a tick to the down side together with RSI which will create
extreme divergence and will be our sell trigger.
Initial target will be the meeting with the up trend line that has not been tested yet
SL: above last high created
Since US dollar weakened, Gold has been trading higher.
Now there is bearish hidden divergence forming on D1 along with
continuing divergence on H4. We are looking to sell gold at any of the
major resistances on it’s way - 1354, 1365 and 1380. Bearish candle
pattern around these zones will be our sell trigger.
TP1: 1325
TP2: 1280
SL: above last high
NOTE: H4 bullish divergence after the entry will also be an exit sign
The pair created bearish convergence on the H4 chart so we should be looking to sell the pullback as it occurs.
On the H1 chart there is double bottom which means the move can be doubled and the pair may push higher
before the retrace. Important levels to pay attention to are 0.9960 to 0.9980. If tha pair makes a stop around this
zone with a bearish candle pattern and bearish divergence we will jump into a sell. Bear in mind there are important
news release scheduled for later today so trade carefully.
TP1: 0.9890 (last low)
TP2: 0.9780 (next support)
SL: above last high
Long term outlook is still bearish but in the short term we should be looking for buy opportunities.
Price is sitting on the D1 20 MA and is in front of stiff support levels. We are looking for the pair to
push down, create bullish divergence + candle pattern to enter long.
There is up trend line and bullish hidden divergence on H4, the pair has also reached
daily 20 MA and we have more then 20 candles ride on the H1. Based on that we are
looking to go long in the short term. We want most recent resistance and the down
trend line on the H1 to be both broken and if the price manages to hold that will be
our trigger for a buy.
TP1:1.6540
TP2: previous high
SL:below last low
Cable created double top and is now trying to break it to the down side. If the stiff support zone
around 1.6250 gets broken we can expect duplication of the double top move to around 1.5600/1.5500
Therefore we should be looking to sell rallies on the H4. Any pullback above 1.60 could create a great
sell opportunity. Keep in mind 1.6100/20 is now critical level that has to hold for this scenario to be valid.
Alternatively if the pair breaks down the support without the retrace we are anticipating we will be
looking to sell the retest of the break around 1.5910/20
TP1: 1.5750
TP2: 1.5600
SL: 1.6100/20
The pair is following the up trend line on weekly chart and down move trend line on daily chart.
We are looking for break and hold above the H4 down trend line and most recent resistance
in order to jump into a buy trade.
TP1: 1.0450
TP2: Last high
SL: below last support
There is hidden bullish divergence forming on D1 and H4. The pair is reaching stiff support levels 0.8410 and 0.8390. Our buy trigger will be if the EURGBP makes a stop around this levels completes bullish divergence on H4 along with bullish candle pattern.
TP1: H4 down TL from the top
TP2: last high
SL: below last low
H4 is forming bearish hidden divergence + RSI is close to extreme.
On the H1 chart the pair has reached important levels such as 0.8395,
0.8410 and 0.8440 + RSI already in an extreme. Our sell trigger will be
bearish tick down on the MACD H4, along with bearish candle pattern around
any of the levels mentioned above.
TP1: 0.8220
TP2: 0.8140
SL:0.8250
Looking forward to sell highs in GBPUSD
Bank of England is releasing interest rate decision later today which can cause strong moves on the cable.
There is hidden bearish divergence on the 4 hour chart and a few resistances on it’s way. Important levels
to pay attention to are 1.6145, 1.6160 and 1.6190. If the pair pushes higher to any of the resistances mentioned above
and makes a stop, we will be looking for H1 continuing divergence + bearish candle pattern to enter a sell.
Alternatively we can enter aggressive with the break of the H1 up trend line and most recent support. Double break
and close below will be our trigger.
TP1:1.5980
TP2: 1.5910
SL: 1.6210
SL for Aggressive entry: above broken support around the trend line
AUDUSD broke an up trend line on the H4 chart. If the pair retraces to re-test the line
we should be looking to sell the rallies with H4 hidden bearish divergence. Important levels to pay attention to are 0.9430 and 0.9450.
TP1: 0.9330
TP2: 0.9220
SL: Manual close if the pair closes above the broken TL
EURAUD has been trading inside a range and it’s currently headed to the upper boundary of it. We will be looking to sell from the top of the range on the H4 with bearish hidden divergence. There is band-to-band move and three resistances on the way: 1.4420, 1.4450 and 1.45. We want to sell with the combination of H1 continuing divergence and H4 hidden bearish.
TP1: H4 20 MA
TP2: Last low 1.4150
SL: above last resistance
Observing USDJPY closely for a short term buy opportunity
We are looking for either H4 hidden bullish divergence to form in order to enter buy or break of the
H1 flag to the upside if the price doesn’t push lower.
TP1: 100.4
TP2: 103
SL (H4 hidden bullish scenario): Below 200 MA
SL (H1 flag): below last support
Looking forward to sell rallies in GBPUSD
Cable is trading higher again since yesterday due to the positive fundamental data. There is resistance around 1.6060/80 area along with band-to-band move and bearish hidden divergence on the H4. Our entry will be based on the combination of H4 hidden bearish + H1 basic divergence that has not yet been created. So on the H1 chart we are looking for another push high to create a double top or a new high and to create the divergence we need. Once all requirements line up we will sell.
TP1: Opposite Bollinger Band on H1
TP2: 20 MA on H4
SL: above the most recent resistance
Observing EURCHF for a sell opportunity
There is resistance coming around 1.2360/70 zone, H4 chart recent tops are following a trend line which also might be reached around the resistance levels. We will be looking for H1 bearish divergence to be formedaround the levels mentioned above along with bearish candle pattern to go short.
Looking Forward to sell EURUSD for the re-test of lows again
Despite the last bullish candle pattern MACD and Stochastic are still bearish which adds up to my long term bearish view. There is up trend line which might be retested and on the H4 chart the pair has created a channel. We will be looking for H1 candle to break the channel down and close below the most recent support to enter sell.
TP1: 1.33
Tp2: 1.3250
SL: H1 candle close above the broken channel
Observing GBPUSD for a short term sell opportunity
There is bearish hidden divergence, down trend line and many resistances coming on the way for the pair on the H4 chart. H1 chart has continuing divergence already. So we are looking for the cable to push a bit higher create bearish candle pattern around any of the resistances to enter short.
Alternatively if the pair doesn’t go higher we will be looking to sell the double break and close of the H1 up trend line and the support.
TP1: 1.6060
Tp2: 1.6030
SL: above next resistance in first scenario / above the broken trend line in the second case
We follow the H4 up trend line along with the most recent support. Double break and close below both will give us the sell trigger. In case price pushes higher, we will continue to follow it with the trend line and the most recent support for a break.
TP1: 0.8210
TP2: Gap
SL: above broken TL and Support
Four Key Things to watch today: US CPI data, Retail sales numbers, Existing Home sales figure and the FOMC Meeting Minutes
There are four important news releases today coming from the US which will give а heads up to the markets whether there will be
QE tapering in the last quarter of the year.
You can read the full detailed article on the blog
Careful trading friends!
Following Euro’s up trend line
The pair has reached Daily 20 MA and many resistances on the way above the current level. We continue to follow the up trend line on the H4 chart and we are looking for break of the line together with the most recent support (1.3320 as of now)
If the pair manages to close below we will enter short.
TP1: 1.3420
TP2: 1.33
SL: above the broken TL and support
