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Quarterly

GBPAUD Long Term Short, Waiting for pullback to Enter.Higher Time Frames make a case for a pullback and continuation short. > Quarterly chart has bearish engulfing rejecting 50ema, which has acted as resistance recently. > Monthly rejected horizontal resistance with bearish pressure, now looking to retest a minor resistance level on the pullback. > Weekly forming a pullback to 50ema, horizontal resistance, 0.382 Fibonacci. At that point, looking for deceleration & reversal candles. > Daily now starting to pullback, once it reaches weekly resistance level, I'll be looking for deceleration, price action patterns ( double tops?, ect... ), and reversal candles. Trade will be entered on the intraday charts. > Target 1 - Horizontal support & Daily 0.382 Fibonacci for short term play. > Target 2 - Start of weekly pullback, daily horizontal support. > Target 3 - Weekly horizontal support area I will be staying patient, at this point anything can happen.
Short
by DaneilDG
#CHFSGD [Daily] 90% : 10% to Long over Short?Read this carefully if you want to grab an opportunity next week! Spot on SAXO:CHFSGD . Bringing you today a unique opportunity that might turn out to be a mid term long trade to target recent highs. Price last week has hit a triple key levels and reacted on them. Price since November 19 has been respecting an upside channel where it made a high on March 13 2020. Now is testing the ascending lower wedge and at the same time has tested the previously broken upside wedge of a massive broken channel. . It is important to bear in mind that price may test the Annually demand below around 1.43900 some thing like 100 pips below. However, i don't recommend to keep the contract open to these lows, If current upside channel lower wedge is violated next week then take yourself out. A violation to last week's low will cancel the bullish setup. Analysis is based on #SupplyAndDemand, #Channels #Breakouts Strategies. Follow and like for more setups... #AHMEDMESBAH
Long
by AhmedMesbah