AUDUSD: Very Bullish Pattern 🇦🇺🇺🇸
Hey traders,
Yesterday, on a live stream, we discussed AUDUSD.
The pair formed an ascending triangle formation and broke and closed above its neckline then.
It will push the market higher.
The next goal for buyers - 0.689
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Priceactiontrading
EURNZD: Bearish Outlook... Again 🇪🇺🇳🇿
EURNZD keeps falling within a falling channel on a daily.
The price broke and closed below a key horizontal support.
I believe that it may push the pair even lower.
Next goals: 1.643 / 1.635
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GBPNZD: Consolidation & Indecision
GBPNZD is consolidating within a narrow horizontal trading range on a daily.
After a sharp bearish impulse, the market is coiling for the entire month.
To catch the next bearish wave, watch 1.9125 - 1.92 horizontal support.
Wait for its bearish breakout (1h candle close below that).
Sell aggressively or on a retest, then.
Next support will be 1.889
Be patient and wait for a breakout.
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More downside potential on MLSUSDTA short walkthrough it's recent price journey shows it had a huge pump to the upside then followed by two double top formation and now price has broken the base of the double top, the bull camp from previous pump is now trapped, any liquidation will only exacerbate and head lower for this pair, a minor bounce to the support-turned-resistance will likely be met with heavy freshing selling or trapped bulls stepping over each other to get out.
Hence, this walkthrough suggests there is more downside to come and expect previous low 0.128 to get tested.
NZDCHF: Breakout Trade Explained
Hey traders,
NZDCHF reached a key daily structure resistance.
The price formed a doji candle on that and dropped, then, forming a bearish engulfing candle.
On 4H time frame, the price broke and closed below a support line of a rising parallel channel.
Now, we see its retest.
I expect a bearish move to 0.584 / 0.585
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GBPJPY: Important Breakout 🇬🇧🇯🇵
GBPJPY was steadily growing within a rising parallel channel for the last 3 weeks.
The market reached a key daily structure resistance on Friday.
Bears started to push heavily from that and the price broke and closed below the support of the channel.
It will trigger a bearish continuation.
Next supports: 166.3 / 165.3
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US30 Mean Reversion TradeThis is a daily chart of the #US30 taken this morning. It's important to note that today ties the longest run of the year without the daily bar testing the 20 day moving average.
Back in August, it ran away for 24 days, ultimately to come down aggressively on that day to touch/retest the average. Today, we're extended yet again by 24 days and traders are aware that a mean reversion is imminent.
Be mindful of this in your trading right now. No one can predict when the move down will happen, but it will. It's 1000 points away so expect some big moves.
I anticipate a trend from the open any day now, if not today.
EURNZD: Important Breakout 🇪🇺🇳🇿
One more update.
As I predicted, EURNZD broke and closed below a neckline of a descending triangle formation on a daily.
It will most likely push the pair lower.
Goals: 1.66 / 1.65
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Please, support my work with like, thank you!❤️
GBPNZD Potential Buying Opportunity!Hello Traders,
In this week's trading session we will be monitoring GBPNZD for a Buying opportunity in and around 1.915 OB zone. Once we get a bearish confirmation the trade will be executed and shared with our premium subscribers!
- RISK DISCLOSURE
TRADING IS NOT SUITABLE FOR EVERYONE. TRADING FOREX INVOLVES HIGH RISKS AND CAN CAUSE YOU A COMPLETE LOSS OF YOUR FUNDS! Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose! The high degree of leverage associated with trading currencies means that the degree of risk compared to other financial products is higher. Leverage (or margin trading) may work against you resulting in substantial loss. And feeling a sensation similar to getting sucker punched in the stomach. There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Market Opinions BigGainLTD will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. YOU are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs. Internet Trading Risks There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software, and Internet connection. Since BigGainLTD does not control signal power, its reception or routing via Internet, configuration of your equipment or reliability of its connection, we cannot be responsible for communication failures, distortions or delays when trading via the Internet. Distribution This site is not intended for distribution, or use by, any person in any country where such distribution or use would be contrary to local law or regulation. None of the services or investments referred to in this website are available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation. It is the responsibility of visitors to this website to ascertain the terms of and comply with any local law or regulation to which they are subject.
EURGBP: Very Bearish Pattern 🇪🇺🇬🇧
I spotted a cute head and shoulders pattern on EURGBP pair.
The price broke and closed below its neckline on Friday.
I think that the pair may drop lower this week.
Goals: 0.8625 / 0.858
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
USDCHF: Very Bullish Outlook For Next Week 🇺🇸🇨🇭
Hey traders,
Earlier, we have spotted together an inverted head and shoulders pattern on USDCHF on a 4H time frame
Its neckline breakout confirms a highly probable bullish continuation.
Next week, I will expect a continuation to 0.9628 / 0.9734 levels.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
GBPJPY: Your Detailed Trading Plan 🇬🇧🇯🇵
Update for GBPJPY.
After a strong bearish wave, the market is correcting within a rising wedge pattern.
To catch the next trend-following move, wait for a bearish breakout of its support.
We need a 4h candle close below that to confirm the breakout.
A bearish continuation will be expected to 164.55 / 163.75 levels then.
Good luck!
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Is The gold Market About To Collapse?!In the early Asian session trading it looks like Gold is respecting a 3 month key level... offering a great opportunity for a high risk to reward trade.
These key levels when respected, get huge price momentum and are the catalysts for long multi year trends. Could this be the start of a new one?
In our analysis we break down from the 3month to the 15minute timeframe and show all of the potential key levels Gold can trade into.
Let us know your thoughts below.
AUDJPY Potential Buying Opportunity!Hello Traders,
In this Today's trading session we will be monitoring AUDJPY for a Buying opportunity in and around 93.6 OB zone. Once we get a bearish confirmation the trade will be executed and shared with our premium subscribers!
- RISK DISCLOSURE
TRADING IS NOT SUITABLE FOR EVERYONE. TRADING FOREX INVOLVES HIGH RISKS AND CAN CAUSE YOU A COMPLETE LOSS OF YOUR FUNDS! Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose! The high degree of leverage associated with trading currencies means that the degree of risk compared to other financial products is higher. Leverage (or margin trading) may work against you resulting in substantial loss. And feeling a sensation similar to getting sucker punched in the stomach. There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Market Opinions BigGainLTD will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. YOU are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs. Internet Trading Risks There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software, and Internet connection. Since BigGainLTD does not control signal power, its reception or routing via Internet, configuration of your equipment or reliability of its connection, we cannot be responsible for communication failures, distortions or delays when trading via the Internet. Distribution This site is not intended for distribution, or use by, any person in any country where such distribution or use would be contrary to local law or regulation. None of the services or investments referred to in this website are available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation. It is the responsibility of visitors to this website to ascertain the terms of and comply with any local law or regulation to which they are subject.