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EURCHF: Update & Bearish Outlook 🇪🇺🇨🇭 This week we spotted a bearish breakout of a key level on EURCHF pair. I was patiently waiting for a retest of the broken structure to look for shorting opportunities. Today I finally spotted one. The price formed a double top formation with a lower high on an hourly time frame. Its neckline breakout confirms a coming bearish move. Initial target - 1.01 ❤️Please, support this idea with like and comment!❤️
Short
by VasilyTrader
17
NZDCHF: Potential Trend-Following Trade Explained 🇳🇿🇨🇭 NZDCHF is trading in a bullish trend since the beginning of the year. After the price set a new high around 0.6515 level, the market retraced to key structure support. On that, I spotted a double bottom formation on 4H. To buy the market with a confirmation, let the price break 0.642 - 0.6436 its horizontal neckline. You need 4H candle close above that to confirm the breakout. Goals will be 0.64 / 0.65 If the price breaks the underlined yellow structure to the downside the setup will be invalid. ❤️Please, support this idea with like and comment!❤️
Long
by VasilyTrader
9
AUDUSD, Gartley Buy. AUDUSD has just hit the 78.6% Fib level also completing a Gartley. This is where you get the low risk trades with great risk/reward. I traded the C-D leg down as this was a completed smaller Gartley pattern. Now the plan is to either go long to the 0.7280-0.7300 area which would set up a 135 Pattern to sell or we are heading back up to 0.7500 completion of the bigger ABCD. Yesterday was a down day on lower volume which is why im looking for a bounce today. AI also to follow. I hope this helps. Send me a comment with your thoughts agree or disagree.👍👍
Long
by L_F
10
USDCAD: Potential Pullback Trade 🇺🇸🇨🇦 USDCAD is consolidating within a narrow horizontal trading range on an hourly time frame. To buy the pair with a confirmation wait for a bullish breakout of the resistance of the range. You need an hourly candle close above that to confirm the breakout. They buy aggressively or on a retest. Your goal will be 1.2668 In case the price breaks the support of the range, the setup will be invalid. ❤️Please, support this idea with like and comment!❤️
Long
by VasilyTrader
12
EURUSD: Classic Trend-Following Trading Setup 🇪🇺🇺🇸 Hey traders, As you know I am very bearish biased on EURUSD. I was patiently waiting for a retest of a recently broken key structure. Yesterday the price finally approached that. On hourly time frame, the pair formed a double top formation and then broke its neckline. Now I have my sell limit order on a retest. Bearish trend continuation is expected. Local goals: 1.0945 1.086 ❤️Please, support this idea with like and comment!❤️
Short
by VasilyTrader
5
USD/JPY Symmetric patternI have been looking at this Symmetrical Triangle for quite a while now (that can be glimpsed by checking the disparity in the indexed pictures) and knowing Yen as a safe haven and one of my favorite currency pairs. I am anticipating a potential breakout/breakdown from either the upper or lower diagonal trendline would be a birth of new momentum. Here, patience is the key, there might be no "too late entry" in this setup, but there is definitely a "too early entry point". And that could trigger the psychology of chasing after the price which could eventually lead to loss. Like I said, patience needs to be exercised here. #currency #psychology #fx #fxtrading
by Adefxc