AUDCHF H4 - Long SignalAUDCHF H4
If we can't manage to break through this resistance price of 0.70650, we may see corrections back down towards that 0.70 whole number.
We have marked entries and parameters for this setup if this is the case.
Fxtrading
NZDUSD: Potential Pullback Trade Explained 🇳🇿🇺🇸
Multiple time frame analysis on NZDUSD.
Price action, key level and directional bias.
Trading plan for this week.
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EUR/JPY Bullish move one pull back is completeDaily: Bullish, having made a move to the upside with a vast amount of momentum. price has pulled back, consolidated and moved back to the upside. Broken structure along the way.
4H, Price has broken out of a channel to the upside, formed a new High and retraced further. price has reacted off the 50% Fib level.
1H: Looking for buy only once it break through and past the 0.236 level.
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
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Sell GBPJPY on ralliesGBPJPY trades lower on the weak Pound sterling.
Technicals:
On the lower side, immediate support is around 161.40,
It is good to sell on rallies around 161.80-85
SL 162.35
TP of 160.
USDCAD: Potential Short Trade Explained 🇺🇸🇨🇦
USDCAD is retesting a major broken trend line.
On that, the price is currently consolidating.
To short the pair with a confirmation you need a bearish breakout of 1.2566 - 1.2577 minor support.
Its violation will trigger a bearish continuation.
Goals will be 1.254 / 1.251
If the price breaks the trend line to the upside, the setup will be invalid.
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Bullish outlook on AUDCAD: 7 April 2022On the H1 timeframe, Stochastic is bouncing from support which indicates opportunity for a bullish bounce. This presents an opportunity for a bullish play at 0.94030 level, in line with Fibonacci confluence and graphical support.
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.
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Dollar Index (DXY): Time to Grow? 💵
Dollar index is trading within a wide horizontal trading range.
Yesterday, the price reached its support.
Then the price was coiling within a narrow horizontal range on an hourly time frame.
Its resistance breakout will most likely trigger a bullish continuation.
Initial target will be 98.39
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GBPAUD: Time to Grow? 🇬🇧🇦🇺
GBPAUD looks oversold to me.
The pair reached a key daily structure support
and formed a double bottom formation on that on an hourly time frame.
I expect a pullback to 1.756 / 1.762 levels.
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EURCAD: Pullback From Key Level 🇪🇺🇨🇦
EURCAD is retesting strong daily structure support.
Analyzing the reaction of the price to that structure on intraday time frames
I spotted a bullish breakout of a falling wedge pattern.
Now I expect a pullback to 1.385 / 1.389 levels.
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AUDJPY: Catching a Bearish Move 🇦🇺🇯🇵
AUDJPY reached a key weekly structure resistance.
On that, the price formed a double top formation.
It looks like now we may expect a correctional movement.
Goal - 89.1
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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.👍👍
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.
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EUR/JPY BEARISH BIASAfter a successful rising wedge, I suppose we can only expect a breakdown, which would ultimately follow with a further downtrend.
EUR/JPY short position could be well anticipated.
AUDCAD: Very Bullish Setup 🇦🇺🇨🇦
AUDCAD is retesting a recently broken major broken trend line on a daily.
Showing a very positive bullish reaction on intraday time frames
the price will most likely keep growing.
Goals:
0.935
0.943
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EURJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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
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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
EURGBP top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USOIL top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
