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NZDJPY: Your Detailed Trading Plan 🇳🇿🇯🇵 NZDJPY is stuck on a key horizontal structure resistance. To catch a bearish move from that, watch 81.7 - 81.9 area. It is a horizontal neckline of a double top pattern. To sell with a confirmation, we need an hourly candle close below the neckline to confirm a breakout. Then shorting on a retest, our target will be 80.7 Remember, that the price may respect a neckline. If the pair sets a new high, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
9
NZDJPY: Your Trading Plan 🇳🇿🇯🇵 NZDJPY dropped to a key daily structure support. Approaching the underlined structure, the price formed an inverted h&s pattern on 1H time frame. To buy with a confirmation, we need a bullish breakout of its neckline (82.57 -82.7 area). Goals will be 83.24 / 83.77 If the price sets a new low, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
3
EURCAD: Your Detailed Trading Plan 🇪🇺🇨🇦 Update for my today's post on EURCAD: the price is retesting a broken key level now. The price formed a double bottom formation on 1H time frame. To buy with a confirmation, watch 1.327 - 1.328 horizontal neckline. We need an hourly candle close above that to confirm the breakout. Then, buy aggressively or on a retest. Goals will be 1.3309 / 1.333 If the price sets a new low though, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
2
EUR/GBP: detailed chart breakdown. What to expect this week?Setup #1 : EUR/GBP As we can notice from the graph, the price has had a massive bullish run to the upside. We also know that after an impulsive move, a correctional one is needed. At the moment, the price is forming a top at the area of resistance that is illustrated on the chart before charging up for bearish moves. A double top pattern has been formed, which means people have already started executing short positions. Zooming in, we can see how the price is attempting to pullback and re-touch the same level before potentially dropping. Thus, we are gonna closely monitor the price action, give some space for development, and execute once enough confirmations have been provided. Our Target Profit will be set at the previous level of resistance that lines up with the 61.8% Fib.
Short
by Investroy
32
EURCHF: 2 Scenarios For This Week Explained 🇪🇺🇨🇭 Update for EURCHF pair. The market is nicely retracing from a key daily structure resistance. Analyzing a price action on multiple time frames, I see 2 potential scenarios: Bullish If the price breaks 0.979 - 0.982 daily supply area and closes above that I will expect a bullish continuation to 0.987 / 0.9915 levels. Bearish The market is trading in a global bearish trend and may drop from the underlined blue resistance. To catch a trend-following trade from that, watch a triple top formation on 4H time frame. 0.9755 - 0.9765 is its horizontal neckline. If the price breaks and closes below that on 4H, I will expect a bearish move to 0.9727 / 0.9711 levels. Breakout will clarify the future direction of the pair, so be patient and wait. What scenario do you expect? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
6
USDTHB is in possible buy zone!!USDTHB( D ) is moving in a strong up trending market. creating a series of higher high and higher low. Currently, the price has just tested daily previous swing high previous resistance as support and it is weekly 50% fib level. On a daily there is a strong rejection candle has formed. It is a high probability that USDTBH will continue to rise from this level in the new trading week. Thank you for visiting this idea. Press the like button if you find value in this idea :)
Long
by ForexWizard01
USDCHF: Your Detailed Trading Plan 🇺🇸🇨🇭 USDCHF is coiling on a key daily structure support. To buy the pair with a confirmation, watch a falling wedge pattern on 4H time frame. Your trigger will be a bullish breakout of its resistance line (you need a 4H candle close above strictly). Then, buying on a retest, your initial target will be 0.957. If the price breaks a blue zone to the downside, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
6