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COULD THIS BE THE BEARS BREAK FOR GBPNZD?Pair: GBPNZD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern, ascending triangle ————— Key Takeaway: Managed to trade the bounce successfully for this pair today. We are defo in for some more bearish momentum which is why we are looking at the support of our pennant / round number level for breaks ————— Level needed: need a close by 1.90000 ————— Trade: Short RISK:REWARD 1:1 SL: 20 TP: 220 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
EURNZD 3 VITAL LEVELS OF RESISTANCE Pair: EURNZD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pattern pattern, ascending triangle break ————— Key Takeaway: Looking for bearish setups only for this pair. We have hit three vital resistance levels (high volume level / dynamic resistance / top of pennant pattern). Our profit target is at the support of our pennant pattern ————— Level needed: need a close by 1.62470 ————— Trade: Short RISK:REWARD 1:6 SL: 40 TP: 240 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
AUDUSD VITAL AREA FOR SHORTING THE PAIRPair: AUDUSD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pattern pattern, ascending triangle break, head and shoulder ————— Key Takeaway: We have seen a massive bearish swing after our head and shoulders has been complete, we have broken trend line and support. We are now seeing a restest of these key levels, now using them as resistance so a drop is now in turn ————— Level needed: need a close by 0.68565 ————— Trade: Short RISK:REWARD 1:9 SL: 18 TP: 165 ————— DO NOT ENTER O:UR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
CHFJPY IN ORDER OF A BEARISH SWING?Pair: CHFJPY Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, trend channel, ascending triangle pattern, pennant ————— Key Takeaway: CHF is very weak right now and we have seen this weakness through all other pairs. We have made our way here back below resistance levels, we are waiting for a push through high volume level as confirmation as a short entry ————— Level needed: need a close by 141.800 ————— Trade: Short RISK:REWARD 1:9 SL: 45 TP: 430 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom