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GBPAUD, 4hr tf, HnS pattern after break below trendlineIHello my friends, GBPAUD just break below the trendline which supported it for the last 3 months since January 2021. Price right now retesting it as resistance and there is also descending trendline which will now become the resistance for this pair. It looks like price making a Head and shoulders pattern and the measured objective of this pattern is around 440 pips counting from the top of the head to the neckline. Price already broken below the trendline and i think this upwards movement is only a retracement to test the resistance. We might see price continue going south in the coming days. Sell GBPAUD 1.7940 Stop loss 1.8020 (80 pips) Take profit 1 at 1.7600 (340 pips) Take profit 2 at 1.7440 (500 pips) RR Ratio 1 : 6.25 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
1
NZDCHF, 4hr tf, buy on 61.8% retracementTrade ideas for NZDCHF by Hardi Looks like this setup now ready to be taken. I've shared about NZDCHF when price finally broken above the deacending trendline. Right now price retracing around 61.8 fibonacci level which is a level i was waiting to take buy position. This trade might take some times to play as our plan as it spend 2 months in the correction phase. Buy NZDCHF 0.6540 Stop loss 0.6470 (70 pips) Take profit 0.6840 (300 pips) Use only 1-2% risk Good luck
Long
by HayatoDragonFX
Plan NZDUSD 03/04/2021Here is my analysis of NZDUSD. Right now I believe NZDUSD already completed impulse upside which is wave 1. In the daily timeframe, I saw an evening star pattern formed which make me more confident that this time NZDUSD will start to make wave 2 for the retracement. Next week, I expect that NZDUSD will do some retracement move before continuing to the downside. In my analysis, I already marked two areas that could be an area where NZDUSD might be the reversal area. Disclaimer: This is my personal trade setup !! Please if you use my analysis, use it for comparison with your own. Cheers :)
Short
by ArceeBlade
1
Next Plan EURUSD 03/05/2021Here is my continuation analysis and trade setup of EURUSD. In my previous analysis, i was expecting EURUSD falling. And yes i last friday EURUSD was falling hard. With that said i believe EURUSD already completing wave 1 which is impulse movement to the upside. Right now my short position base on my previous analysis running in good positions (+110pips). Next week, i expect that EURUSD will make some retracement first before going down again for completing wave 2 before going to the upside again. Previous analysis : Disclaimer : This is my personal trade setup!! Please use this for comparison with your own analysis Cheers
Short
by ArceeBlade
Next Plan GBPUSD 03/05/2021Here is my continuation analysis and trade setup of GBPUSD. In my previous analysis, I expecting that GBPUSD will fall. And last Friday it's turned that GBPUSD doing a strong downside movement. Right now my previous analysis running in good positions (+140pips). Next week, I expect GBPUSD to do some retracement a bit before continuing to the downside. After complete wave "C" then I expect GBPUSD to continue to the upside. Previous GBPUSD analysis: Disclaimer: This is my personal trading setup !! Please use my analysis as a comparison with your own analysis. Cheers
Short
by ArceeBlade
USOIL, 8hr tf, sell on trendline retest As you can see i draw a descending trendline which will be our resistance for USoil. As long as price below this trendline and hold below 64.50, we could see further decline in USoil. I am planning on taking sell positions for USoil. This trade gonna have 110 pips stop loss so use proper risk management for this pair. Desclining oil coulf provide fuel to our AUDCAD trade ideas which i shared as well. Check my link down below as well Sell USOIL 63.40 Stop loss 64.50 Take profit 57.60 (5.2R) Use only 1-2% risk Good luck
TVC:USOILShort
by HayatoDragonFX
4
Next Plan DXY ( US DOLLAR ) 26/04/2021Here is my analysis of DXY ( USD ). In my opinion, DXY already completing full cycle 5 waves and A B Correction phase. And right now DXY making an impulse downside movement. In my waves counts, DXY almost reaches 5 waves and will make the 2nd wave which is the wave retracement. I expecting DXY retracement will making a Head and Shoulder pattern. If this happens it will be synchronized with my analysis in EURUSD and GBPUSD that I posted before. Cheers :)
TVC:DXYLong
by ArceeBlade
CADJPY, 4hr tf, double top pattern in play Previously i managed to took profits on this pair for +105 pips when i first call to sell it on Tuesday. It is now retracing back up on a nice point to enter sell again after yesterday BoC meeting. As you can see there is a double top pattern in play and we might see another drop soon on this pair as risk off sentiment and oil price on the verge off dropping. Sell CADJPY 86.40 Stop loss 87.00 Take profit 84.40 (3.3R) Use only 1-2% risk Good luck
Short
by HayatoDragonFX
GBPUSD, 4hr tf, double bottom reach 1st targetHello my friends, On April 9th i saw a potential double bottom of GBPUSD mirrorring XAUUSD chart movement. I posted about my buy position and stop loss. Two weeks later and price has reached our first take profit. For those who missed this chance, i am gonna share my second plan for buying GBPUSD. I think we will see some retracement first before continue going up in this pair. I will wait for price to retrace towards 1.3850-70 area to initiate buy order. Buy GBPUSD 1.3855 Stop loss 1.3800 Take profit 1.4040 (3.3R) Use only 1-2% risk Good luck
Long
by HayatoDragonFX