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NZDJPY: Key Structure Ahead! Your Plan: 🇳🇿🇯🇵 NZDJPY is approaching an important zone of confluence on a daily. We see a perfect match between a horizontal structure resistance and 618 retracement of the last bearish impulse. To catch a bearish move from the underlined zone, watch a rising wedge pattern on 1H time frame. Your trigger to short will be its bearish breakout (at least an hourly candle close below its support). Then a bearish continuation will be expected to 84.2 level. Alternatively, a bullish breakout of the underlined area will push the market to higher structure levels. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
6
GBPUSD: What to Look at This Week 🇬🇧🇺🇸 Take a look, what I spotted on GBPUSD: the pair formed an inverted head and shoulders pattern on 12H time frame. 1.2035 - 1.209 is its neckline. If the price breaks and closes above that, I will expect a bullish move at least to 1.217 structure. However, remember that a global trend in bearish. Zooming in the same chart, we can spot a horizontal consolidation range. 1.189 - 1.194 is its support. If the price breaks and closes below that, a bearish move will be expected to 1.18 support. Wait for a breakout as your confirmation here. What do you expect? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
7
GBPUSD: Important Update! 🇬🇧🇺🇸 So we have nicely predicted a bearish movement on GBPUSD yesterday. The price formed a head and shoulder pattern then. 1.189 - 1.1935 is its neckline. To catch a further decline, I would suggest waiting for its breakout (you need a 4H candle close below to confirm the violation). Then, a bearish continuation will be expected at least to 1.178 level. However, if the price breaks a head level and 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
3
GBPAUD: Important Decision Ahead 🇬🇧🇦🇺 Hey traders, GBPAUD is approaching a solid rising trend line on a daily time frame. Depending on the reaction of the price to that, I see 2 potential scenarios: If the price breaks and closes below that, I will expect a bearish continuation to 1.731 level. If bulls violate a resistance line of a tiny rising wedge pattern and close above that, I will expect a bullish movement at least to 1.765 I believe that probabilities are on a bullish side. However, let's see what will happen! What do you expect? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
7
GBPJPY: Your Trading Plan For This Week 🇬🇧🇯🇵 GBPJPY reached a solid horizontal structure resistance last week. The pair started to consolidate within a narrow trading range then. To short wisely, I suggest waiting for a bearish breakout of its horizontal support. You need an hourly candle close below 163.58 - 163.67 area to confirm the breakout. Then, a bearish continuation will be expected at least to 162.1 level. Alternatively, if the price breaks the resistance of the range to the upside, a bullish continuation will be expected. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
3
CFD News; Oil sees demand after testing key support.Welcome to Wednesday's update, subscribers and TradingView community Today our focus is on oil as price has started to move higher after testing and holding for now at key support. Price continues to trade in a short to medium-term downtrend after sellers turned momentum back in June. Since that point, it's been a series of LHs and LLs. Today's price has shown defensive action from buyers after this morning's lower gap failed to beat 94.90 area support and demand. Could yesterday's bar be seen as exhaustion? If buyers can hold this level of support, we will be looking for price to continue to push higher. Obviously, if we see a break, then it's back to looking for new LLs maintaining the downtrend. The MAs remain bearish, but the OBV has stopped putting in clear LLs despite yesterday's strong move lower. Could support be hiding plenty of fresh demand from oil buyers? We will have to wait and see if buyers can hold the level again today. Data to keep an eye out for today. 10:30 pm US CPI and core CPI. 12:30 am US crude oil inventory numbers.
EIGHTCAP:USOUSD
by Eightcap