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EURNZD: Ranging Market & Trading Plan 🇪🇺🇳🇿 EURNZD is trading within a narrow consolidation trading range on 6H. 1.67 - 1.6715 is its resistance 1.653 - 1.655 is its support. The price is approaching its resistance now. To sell with a confirmation wait for a bearish breakout of a rising channel on 1H. Goals will be 1.6615/1.655 In case of a bullish breakout of resistance of the range, the setup will be invalid. ❤️Please, support this idea with like and comment!❤️
Short
by VasilyTrader
24
AUDCHF: The Zone to Watch 🇦🇺🇨🇭 AUDCHF is approaching a daily supply area. 0.68 - 0.6815 is a potential reversal zone from where a bearish move may start. Your confirmation will be a bearish breakout of a rising wedge pattern on 1H time frame. While the price remains within its boundaries, though, the market remains bullish. In case of a bullish breakout of a yellow zone, the setup will be invalid. ❤️Please, support this idea with a like and comment!❤️
Short
by VasilyTrader
17
EURNZD: Important Decision Ahead! Your Plan: 🇪🇺🇳🇿 EURNZD is trading within a key daily structure resistance cluster. On that, the price is currently consolidating within a horizontal trading range. 1.715 - 1.716 is its resistance. 1.7045 - 1.7065 is its support. For now, I see two equally possible scenarios: Bearish In case of a bearish violation of the support of the range, bearish continuation will be expected. Next support will be 1.69 Bullish In case of a bullish breakout of the resistance of the range, a trend following movement will be expected. Next resistance will be 1.73 Wait for the breakout & follow the market. ❤️Please, support this idea with a like and comment!❤️
Short
by VasilyTrader
24
Potential Breakout in AUDUSD Towards 0.7515Trend Analysis The main view of this trade idea is on the 2-Hour. The fx cross AUDUSD has been trading in a rangebound movement since around the 20th July. The bottom of the rectangle is at the 0.72876 area while the top of the rectangle is observed around 0.74. The top and bottom of this chart pattern (rectangle) serves as support and resistance. Expectations are for a breakout in AUDUSD. Technical Indicators To support this potential breakout in AUDUSD, is the fact that at the time of publishing the fx cross is trading above its short (25-SMA), medium (75-SMA) and fractal moving averages. Also there has been a positive crossover on the KST as well as the RSI is above 50 and approaching overbought levels. Recommendation The recommendation will be to go long at market. AUDUSD’s target price is 0.7515, with a stop loss at around 0.72876. This produces a risk reward ratio of 1.31. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in AUDUSD.
Long
by Ceddy86
GBPNZD: Consolidation Trading 🇬🇧🇳🇿 GBPNZD is trading within a wide horizontal trading range on a daily. 1.962 - 1.967 is its support. 2.005 - 2.008 is its resistance. Approaching the range's upper boundary the price formed a cute dodji candle on a daily. On hourly time frame, the pair formed a head and shoulders pattern. 1.99 - 1.993 is its neckline. To sell with a confirmation, wait for a neckline breakout (hourly candle close below the yellow area). Goals will be 1.98/1.97 In case of a bullish violation of a head level, the setup will be invalid! ❤️Please, support this idea with a like and comment!❤️
Short
by VasilyTrader
13