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
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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
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Level needed: need a close by 141.800
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Trade: Short
RISK:REWARD 1:9
SL: 45
TP: 430
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Forextradingzones
Clear Short on EURUSDThe chart you are looking at is 1Hour candles shown inside Daily candles. As you can see, price has approached and rejected a significant level. This is the first (and second) failed retest of this area since it was first broken with strong momentum just over a month ago on 5 July 2022. After the recent rejections, it is expected that price will fall offering an easy 4:1 Reward Risk ratio.
GBPUSD INVERTED HEAD AND SHOULDER Pair: GBPUSD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, trend channel, ascending triangle, inverted head and shoulders
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Key Takeaway: Need a break of high volume level/resistance
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Level needed: need a close by 1.22885
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Trade: Long
RISK:REWARD 1:10
SL: 31
TP: 312
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Waiting for a GOOD SHORT ENTRY on USDCADas you see, USDCAD was on a huge retest and now his structure had been completed. An important level had been breached which is the on of 1.28208 and we got a retest in the 30.20% of Fibonacci Retracement, so we should wait for the breackout of the level 1.27695 and a pullback on it to get a high quality entry trigger and go Short to around 1.20152. GOOD LUCK!!
UPDATE in SETUP FOR EURAUD !!The level that should be broken to go Long on EURAUD had been changed, its the 1.46194 now and its already broken, so now we should wait for retest that shouldnt break the 38.20% of Fibonacci retracement and should in the form of a regular flag, expanding flag, running flag or contracting flag, then seeing some additional extra confirmation to spot the entry trigger and have a good setup and postion for a trade with +80% win rate. Follow me to stay in touch with any update and take the ride with me! Tell me what do you think about making a youtube channel where i'll post videos analazing the full charts so you can understande well.
Still in Profits on EURCAD!Im sharing with you one of my Long term trades which still in profits and with a hight possibility to go around 1.22029. It'll be some other entry triggers to ride on this trade with me but until now, i dont see any confirmations. So we have to wait and once i'll see enough confirmations and spot the entry trigger, i'll share it with you, so follow me to stay in touch and tell me what do you think about making a youtube channel where i'll post videos analazing the full charts so you can understande well.