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Doublecycle

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.
Short
by VladimirRibakov
GBPUSD Buy IdeaH4 - Potential double cycle up forming, after the initial move up currently a correction is happening inside a range. We have a critical zone that has formed based on the fibo extension levels 61.8% and 100%. If we get a valid breakout at the top of this range we may then expect another push up in cable and then most likely we will see further drops. Once the price breaks above the top of this range we may look for short term buys with bullish evidences, expecting the price to move higher until it reaches this critical zone.
Short
by VladimirRibakov
EURAUD Sell IdeaW1 - Triple cycle up, price has reached the magnet zone, bearish divergence. We can go short with the breakout of the uptrend line. We may expect the price to move lower until it reaches the 38.2 fibo extension of the entire W1 triple cycle. D1 - Bearish divergence forming. H4 - Double cycle up, continuing bearish divergence. The 161.8 fibo extension of the first leg coincides with the weekly magnet zone. We may now expect the price to move higher until it reaches this area and a bearish reversal to happen from there. If you want to be aggressive you can go short with the breakout of the uptrend line. If you want to be conservative then wait for the price to break below the W1 uptrend line then you can join the sells.
Short
by VladimirRibakov
EURJPY Sell IdeaW1 - Double cycle up completed, we may now expect the price to move lower until it reaches the 38.2 fibo retrace zone of this entire double cycle. D1 - Price broke at the top of the range, if this turns out to be a false break, we may then expect the price to move lower until it reaches the bottom of this range. If the price breaks below the bottom of this range then we may expect it to move lower until it reaches the 38.2 fibo retrace zone of the weekly double cycle. H4 - Double wave up, bearish divergence. Once we get a breakout of the uptrend line, we may start looking for sells.
Short
by VladimirRibakov
Silver Buy IdeaD1 - Price is moving lower towards the bottom of the channel. H4 - Bullish divergence, double cycle down, the 100 fibo extension level of the first leg coincides with the bottom of the daily channel thus forming a magnet zone. Once the price reaches this magnet zone look for evidences of bullish reversal and then we may start looking for buys. Invalidation: If the price breaks and holds below the bottom of the daily channel then this setup is invalidated (False breaks can be neglected).
OANDA:XAGUSDShort
by VladimirRibakov
AUDUSD Buy IdeaW1 - The price has reached the bottom of this channel and if we didn’t get a valid breakout here (false breaks are acceptable) we may then expect the price to move higher again. D1 - We have two magnet zones formed based on the bigger and smaller double cycles. We may expect a reversal to happen from any of these magnet zones. Once the price reaches the magnet zone look for bullish evidences and once we get the confirmation for bullish momentum you can then start looking for buys.
Short
by VladimirRibakov
EURNZD Short Term Sell IdeaD1 - Triple cycle up, looks like a double wave correction is happening now. We may expect one more leg down towards 38%-50% fibo level. H1 - Magnet zone at 1.6970 could be tested along with the D1 trend line but generally we are already at good level to look for sells. Most recent trend line was already broken, we have multiple false breaks. Break below 1.687903 gives us the conservative confirmation for the sells. Invalidation – If the price moves higher, breaks and holds above the daily trend line, then this setup is invalidated.
Short
by VladimirRibakov
1
AUDCHF Buy IdeaH4 - Special cycle completed, price reached the 38.2% and 50% fibo retrace levels. Double cycle has formed, second leg of the double cycle has broken below the 161.8 fibo extension level. H1 - Price broke below the critical zone formed by the 161.8 fibo extension level of both the double cycle (bigger and smaller one). Price has also broken below the alternative trend line. If we get a bullish reversal and if the price moves higher then we can go long with the breakout of the most recent downtrend line. If you want to be more conservative then apply double breakout principle.
by VladimirRibakov
AUDJPY Updates and Follow UpPrice is moving as per our plan D1 - Triple cycle down, double cycle up. Price has now reached the downtrend line. Hidden bearish divergence. H4 - Bearish divergence forming, we may expect a reversal to happen from the action zones. H1 - Triple cycle upside, bearish pressure. We might see one more false break. We already have a good uptrend line but if the price pushes higher and if it forms another valid uptrend line then we can use that most recent uptrend line. Once we get a breakout of that most recent uptrend line, we can look for sells. Note: If the price moves higher, breaks and holds above the daily downtrend line then this H1 scenario will become invalid.
Short
by VladimirRibakov
NZDCHF Buy IdeaD1 - Big double cycle and triple cycle completed, we may now expect the price to reach the 38.2% retrace of the double cycle and 50% retrace of the triple cycle. Two trend lines and bearish hidden divergence has formed. H4 - Bearish divergence, price is respecting the 100 fibo level. H1 - Three false breaks and bearish divergence. If we get a break below 168.65 (approx) should provide us short term pullbacks. The 38.2 fibo retracement, the uptrend line and the level where the breakout of the range happened coincides on the same zone. We may now expect price to move lower in the form of double wave down and once it reaches this critical zone, we can go long with the breakout of the most recent downtrend line.
Short
by VladimirRibakov
AUDJPY Sell IdeaD1 - Triple cycle down and price respecting downtrend line. H4 - Magnet zone formed with 38.2 fibo retrace of the triple cycle, 100 fibo extension of the double cycle and the downtrend line. Potential bearish divergence forming and if the price moves higher and reaches this magnet zone, we can look for bearish reversal and join the bears. Note: As we are nearing the end of December and we are trading the Daily + H4 combination please be careful with this trade as we might get stuck here during the holiday period. The closer we get to the end of December our trading is going to become shorter term like H1, M15 etc…
Short
by VladimirRibakov
AUDCAD Buy IdeaW1 - Price respected strong support zone again. D1 - Bullish divergence, price pushing higher. We want the price to break above the high at 0.9790, creating higher highs. H4 - Price respecting downtrend line. Both directions are possible from here. In this case there are two possible scenarios to confirm bullish momentum. Scenario 1 - Price to create higher highs and we can go long after correction. Scenario 2 - Look for triple wave up, followed by double wave down and then we can go long with the breakout.
Short
by VladimirRibakov
USDCHF Sell IdeaD1 - Double cycle completed. Hidden bullish divergence. H4 - No hidden bullish divergence, critical level formed with downtrend line and 100 fibo level. We already have a first leg up so we may now expect the second leg to reach this critical level with bearish divergence forming between two legs. We can go long with the breakout of the most recent downtrend line. Exit pan: Once you get bullish pressure on the H4 chart this is a warning sign to cash out. If the price breaks above the H4 downtrend line then this setup is invalidated.
Short
by VladimirRibakov