Breakandretest
GBPNZD-1H-Long potentailHello folks;
On GBPNZD pair we have kind of H&S.Honestly, trader can get long after breakout the neckline but according to my vision,after retracement we have a breakout but it needs retest retracement channel and then we can get long on orange zone(1.91275-1.91158).
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EURAUD-1H-Long PotentailHello folks;
On the EURAUD we can see a RD+ and double bottom pattern which is a strong pattern for reversal on the other hand, on the major pivot point and demand zone has a nice hammer with a massive wick.Totally; we have lots of signals on the chart which is telling us the price's moving is gonna revers.For now, jump to the long position till our target what is marked on it.
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GBP/JPY - Classic Simple SetupsA really simple analysis on GJ for you guys today!
More classic Break and Retest Setups on this pair - In line with the HTF bias we've been talking about for some time! Mark key levels - wait for breaks of these key levels - then wait for a retracement to test your marked key levels. See confirmation? Enter the trade?
If you don't know what this means, just drop me a DM!
USDJPY// Break & RetestPrice broke out of the channel and formed a harmonic Bat Pattern which signaled a reversal back towards the trendline.
The nose of all harmonics represent an area of strong support or resistance, and in this case it will be serving as support.
Also in this area is the trend line which price just broke through, about to retest.
There are fundamental factors at play this week that may have an effect on price.
EURAUD-4H-Wating for breakdownHI guys;
ON the EURAUD pair,we can see the price has a correction till upper trendline and after reached the trend line,price's reversed buy trendline.For present, we are watching the price's moving whenever it breakdown the key level and done the retest,can enter to a short position till the next strong support zone.
EUR/USD - Range broken to the DownsideBears continue to take control of this market as price breaks to the downside. Could we see a retest of previous support before further movement to the downside?
We forecasted a break to the downside because it was in line with our HTF directional bias on the pair. For more - just drop me a private message!
AUDND: Drop is coming based on fundamentals and price actionHere as you can see the market breaks sharply the previous low(support) and now it's going for re-test.
After the morning announcement for the second bond purchase the AUD lost a lot of strength
and the potential for a drop is high.
--> Wait for the market to re-test the resistance and SHORT THE TOP ! ! !
FOREX - WEEKLY OUTLOOK FOR THE WEEK OF 1/24/21 - 1/29/21 Weekly analysis for the coming week. The volume was not there last week. Hopefully this week we get some momentum in the markets.
Indicator list:
- MA HIgh 5 Offset 3
- MA Close 21 offset 3
- Vortex Indicator 14 preset
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