CADJPY 240 min Trade Setup - FOREXTRADINGZONESCADJPY brk from the descending wedge this morning will have a potential opportunity to the 96.10 then to the 95.90/
A pullback (or sq up) to the 96.65-70 before another break out to the bottom would be really nice.
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IMPORTANT DISCLAIMER:
These comments are for information purposes only. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Do not trade without proper research on the asset. This is an opinion ONLY – and not a trade call, but this analysis may lead you to a trade. The information contained on this document does not constitute a solicitation to buy or sell an asset by FOREXTRADINGZONES.COM.
DO NOT TRADE WITHOUT STOPS
Carlosmolina
GBPAUD Daily Chart Trade Setup - FOREXTRADINGZONESDaily chart inside a wedge at the moment. Waiting for the break of the wedge to the top. A pullback to the 0.618 Fib will be interesting for us to take the bounce.
On our radar for the following weeks.
See more at www.forextradingzones.com
#forextradingzones #fxtradingzones #carlosmolina
IMPORTANT DISCLAIMER:
These comments are for information purposes only. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Do not trade without proper research on the asset. This is an opinion ONLY – and not a trade call, but this analysis may lead you to a trade. The information contained on this document does not constitute a solicitation to buy or sell an asset by FOREXTRADINGZONES.COM.
DO NOT TRADE WITHOUT STOPS.
GBPCHF - FOREXTRADINGZONESJust like we anticipated the move from yesterday gave us the 60 pips to the top of the channel.
Now, we'll be looking for the square up and continuation to the 1.5400 or the move to the downside once they break the 1.5300 -
Both scenarios are here in the chart. === best trading to you guys...
#forextradingzones #fxtradingzones #carlosmolina
IMPORTANT DISCLAIMER:
These comments are for information purposes only. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Do not trade without proper research on the asset. This is an opinion ONLY – and not a trade call, but this analysis may lead you to a trade. The information contained on this document does not constitute a solicitation to buy or sell an asset by FOREXTRADINGZONES.COM.
DO NOT TRADE WITHOUT STOPS
GBPCHF 4th Wave move - FOREXTRADINGZONESWaiting for the completion of the 4th wave and looking at the whole structure – WAITING FOR THE HIGHER PROBABILITY TRADE — ALWAYS.
The structure is telling us they need to do an A-B-C, the question is –Will they do it?
Or are they going to do a complete square up to the 1.53600 THEN give us the sell to the 5th wave.
Let's wait for the higher probability trade. ALWAYS
#forextradingzones #fxtradingzones #carlosmolina
IMPORTANT DISCLAIMER:
These comments are for information purposes only. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Do not trade without proper research on the asset. This is an opinion ONLY – and not a trade call, but this analysis may lead you to a trade. The information contained on this document does not constitute a solicitation to buy or sell an asset by FOREXTRADINGZONES.COM.
DO NOT TRADE WITHOUT STOPS
USDJPY next move - FOREXTRADINGZONESUSDJPY currently at 102.43
We’ll be waiting for the completion of the C wave to the downside (where we have some support at the 102.20-102.30) BEFORE we take the bounce to the top once again.
#forextradingzones #fxtradingzones #carlosmolina
IMPORTANT DISCLAIMER:
These comments are for information purposes only. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Do not trade without proper research on the asset. This is an opinion ONLY – and not a trade call, but this analysis may lead you to a trade. The information contained on this document does not constitute a solicitation to buy or sell an asset by FOREXTRADINGZONES.COM.
DO NOT TRADE WITHOUT STOPS
EURNZD LONG/SHORT Wedge DirectionEURNZD currently @1.5540
Currently inside a wedge and waiting for the direction out of it. Remember tomorrow Wednesday we have some NZDUSD fundie news, so be aware of that before trading.
For both trades, we need confirmation after the break to see the continuation. Make sure to use the 60-min chart to see the correct entry for both LONG and SHORT trades
EURAUD 240min - WAITING FOR DIRECTIONEURAUD currently @1.4417 - not doing much yet. Currently inside a big wedge in the 240 min chart and waiting for direction out of it.
But if you look at the EURAUD 60-min chart, we are inside an ascending wedge with a potential 30-35 pips once we break out of it and continuation to the top 1.4460-80 levels.
Both potential trades would be as follow:
LONG ENTRY @1.4430 STOP 1.4390 TARGET 1.4468-80
SHORT ENTRY @1.4380 STOP 1.4410 TARGET 1.4330-26
#forextradingzones #fxtradingzones #carlosmolina
IMPORTANT DISCLAIMER:
These comments are for information purposes only. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Do not trade without proper research on the asset. This is an opinion ONLY – and not a trade call, but this analysis may lead you to a trade. The information contained on this document does not constitute a solicitation to buy or sell an asset by FOREXTRADINGZONES.COM.
DO NOT TRADE WITHOUT STOPS
AUDNZD Head & Shoulder 240-min - SHORT SETUPAUDNZD currently @1.0789 giving us a head & shoulder pattern right at the top of our Channel for a potential square up of the move from last week.
Let's wait to see if they will violate the H&S by going higher, If not take the short below the neckline @1.0770 - or even before the break at the current level of 1.0790
ENTRY: SHORT @1.0770 STOP 1.0800 TARGET 1.0730-20
See more at www.forextradingzones.com
#forextradingzones #fxtradingzones #carlosmolina
IMPORTANT DISCLAIMER:
These comments are for information purposes only. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Do not trade without proper research on the asset. This is an opinion ONLY – and not a trade call, but this analysis may lead you to a trade. The information contained on this document does not constitute a solicitation to buy or sell an asset by FOREXTRADINGZONES.COM.
DO NOT TRADE WITHOUT STOPS
EURUSD Inverse Head & Shoulder Setup for the bounce EURUSD Currently @1.3520 inside a wedge and developing an Inverse Head & Shoulders.
Waiting for a bounce of at least 20-30 pips from the current levels to the 1.3540-60.
Take in consideration we have a past support of 1.3475-85 level, so place your trend lines and take the break (counter trend) once we get the move to the upside.
Get your entry by going to the 60 min chart – and confirmation out of the 10-min. Always trade with price action and never trade without stops.
See more at www.forextradingzones.com
CHFJPY - LONG setup almost here - FOREXTRADINGZONESCurrently the CHFJPY is at 112.73.
CHFJPY setting up for a nice 25-50 pips to the upside. Structure says, we'll be looking for the 4th wave completion to the top of the current channel. Once we break out of the current falling wedge, we will have 2 targets @113.05 and 113.25-40 level.
Next week, we'll be waiting for the move out of the CHF once they reach the 0.9000 psychological number.
Keep in mind we are still inside the current falling wedge; but a good entry to the LONG side still exists. It appears they have found buyers at the 112.60 level.
A good potential entry would be: LONG @112.60-50 levels STOP @112.20 TARGETS @113.05 - 25
Next potential set of buyers likely will be at the 1.618 Fib extension @112.40- So we might still have some small room to the downside.
As always confirm your entries by going into your 60-min chart and 10-min --- look out for technical patterns that will confirm the move to the upside.
IMPORTANT DISCLAIMER:
These comments are for information purposes only. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Do not trade without proper research on the asset. This is an opinion ONLY – and not a trade call, but this analysis may lead you to a trade. The information contained on this document does not constitute a solicitation to buy or sell an asset by FOREXTRADINGZONES.COM.
GBPCHF Setup for the LONG sideCurrently @113.14, the CHFJPY is getting close to a potential bounce.
The pair is inside a BIG BOX, going from Top to Bottom .... if we bounce, we will be stopping at a potential PSR (Past Support/Resistance level, for more info on this, visit www.forextradingzones.com). The past support @113.50 and 113.60 are our potential targets.
IMPORTANT DISCLAIMER:
These comments are for information purposes only. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Do not trade without proper research on the asset. This is an opinion ONLY – and not a trade call, but this analysis may lead you to a trade. The information contained on this document does not constitute a solicitation to buy or sell an asset by FOREXTRADINGZONES.COM.
DO NOT TRADE WITHOUT STOPS
EURUSD - Expected bounce (LONG)EURUSD currently @1.3522, after the completion of our D extension now we will wait for a bounce of at least 1.3560. Take in consideration we have a past support of 1.3475-85 level.
If we take a LONG TRADE now, we might have to be under water by 20-25 pips.
So, go to the 60(min) chart and 10 (min), place your trend lines and take the counter trend to 1.3550-60 area.
IMPORTANT DISCLAIMER:
These comments are for information purposes only. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Do not trade without proper research on the asset. This is an opinion ONLY – and not a trade call, but this analysis may lead you to a trade. The information contained on this document does not constitute a solicitation to buy or sell an asset by FOREXTRADINGZONES.COM.
GBPUSD - Potential move after the news (EARLY FUNDIE ) Cable currently @1.7065, and we are waiting for the potential move to the downside @1.7010 --- If not be aware of the move to the top of the bull flag and the break to the upside potential of 1.7170. Best way to trade it, an O-C-O order.
IMPORTANT DISCLAIMER:
These comments are for information purposes only. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Do not trade without proper research on the asset. This is an opinion ONLY – and not a trade call, but this analysis may lead you to a trade. The information contained on this document does not constitute a solicitation to buy or sell an asset by FOREXTRADINGZONES.COM.
GBPJPY - Short Setup Brk of the FlagGBPJPY currently @173.43 getting close to break of the bear flag - This will be a continuation to the 173.00 and then the 172.70 Fib extension.
Get your entry by going to the 60 min chart - and confirmation out of the 10-min. Always trade with price action and never trade without stops.
IMPORTANT DISCLAIMER:
These comments are for information purposes only. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Do not trade without proper research on the asset. This is an opinion ONLY – and not a trade call, but this analysis may lead you to a trade. The information contained on this document does not constitute a solicitation to buy or sell an asset by FOREXTRADINGZONES.COM.
AUDUSD - Potential Short at the Brk of the FlagAUDUSD currently at 0.9395, with a potential break of the flag below 0.9380 we can get a target of 0.9340-20 area,
IMPORTANT DISCLAIMER:
These comments are for information purposes only. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Do not trade without proper research on the asset. This is an opinion ONLY – and not a trade call, but this analysis may lead you to a trade. The information contained on this document does not constitute a solicitation to buy or sell an asset by FOREXTRADINGZONES.COM.
DO NOT TRADE WITHOUT STOPS
GBPUSD (SHORT) @1.6820-1.6825GBPUSD stalling at the 1.6800-1.6825 level... We'll be looking for the completion of the 5th wave, with 2 targets - the 1st target to the support line around the 1.6700 then the 2nd target to the 1.6600.
Entry SHORT @1.6815-1.6825
STOP 1.6860
1st Target @1.6700
2nd Target @1.6600
GBPCHF (POTENTIAL SHORT) @1.5115-1.5125Potential short once again at the top of the Daily Chart before the continuation to the 1.5240. Based on our analysis a short trade at the 1.5115 - 1.5125 will provide us a retracement to the edge of the channel at 1.5050.
Entry: SELL @1.5115-1.5125
Stop 1.5145
Target @1.5050