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1htf

1H Analysis on AUDNZDHello traders. On this 1H analysis of AUDNZD, we have a double top setup. We can see that the price was rejected twice from the 1.0700 region, creating our first and second top. Also, the neckline was formed in the 1.06700 region. An entry reason for this trade would be a strong break and a possible retest of the neckline. The 1.06150 region is seen as a good support level where price may go next. Since this is a rather conservative entry reason, a SL should be placed appropriately above the 1.0700 region.
Short
by javonjrb
3
1H Analysis on GBPUSDHello traders. On this 1H analysis of GBPUSD, we see the potential of an Inverse Head & Shoulder (I-H&S) pattern forming at the bottom of a descending parallel channel. The Left Shoulder (LS), Head (H) and the Right Shoulder (RS) have already been formed and we are now awaiting confirmation of the Neckline (NL) in the 1.34300 region. A good entry reason for this long position would be a break and close above this neckline. Also, on the daily TF we can see an unconfirmed bullish engulfing candle. The confirmation of this candlestick pattern would be an additional confluence, suggesting strong bullish movement. The projected levels for this setup is in the 1.36000 region.
Long
by javonjrb
1
1H Analysis on AUDNZDHello traders. On this 1H analysis of AUDNZD, we have the potential of an Inverse Head & Shoulder (I-H&S) pattern forming at the bottom of a downtrend. The Left Shoulder (LS), Head (H) and the Right Shoulder (RS) have already been formed and we are now awaiting a break of the Ascending Neckline (ANL) shown by the yellow dotted line. A good entry reason for this long position would be a break and close above this neckline. The projected level for this setup is in the 1.04100 region.
Long
by javonjrb
1
4H Analysis on NZDUSDHello traders. On this 4H analysis of NZDUSD we have a double top setup. We can see that the price was rejected twice from the 0.72150 region, creating our first and second top. Also, the neckline was formed in the 0.71370 region. An entry reason for this trade would be the strong rejection observed on the 1TF from the neckline in the 0.71370 region. The 0.70130 region is seen as a good support level where price may go next. Since this is a rather conservative entry reason, a SL should be placed somewhere above the 0.71370 region, although for me this setup really doesn't invalidates until the double top is broken before reaching the projected target.
Short
by javonjrb
1