Swing-trader
EURAUD: Classic Trend-Following Trade Explained 🇪🇺🇦🇺
EURAUD is testing key daily structure support.
Taking into consideration that the market is trading in a bullish trend,
we may catch a nice trend-following trade from there.
Our confirmation is a double bottom formation on 1H.
1.6213 - 1.6225 is its neckline.
Wait for its bullish breakout (1H candle close above)
the buy on a retest.
Initial goal will be 1.63
In case if the price sets a new lower low on hourly,
the setup will be invalid.
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GBPJPY: Important Breakout & Bearish Continuation 🇬🇧🇯🇵
GBPJPY broke and closed below a strong support cluster.
Now the broken area turned into a resistance.
For safe entries, I would prefer to wait for an occasional retest.
151.15 - 151.6 will be the zone from where I will look for shorting opportunities.
Next support - 150.0
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BtcUsdt If Bitcoin is going to breakout then it should sustain within 38000 to 40000 range
Consolidate for some time (buyers news base)
With obvious news backing might push out from long ranging sideways trend could be possible for reversal.
I booked my target from previous swing trade and will wait and watch now
Do not fall into trap of parabolic momentum
Could be risk of false breakout too.
USDCAD: Bullish Accumulation! 🇺🇸🇨🇦
With a strong bearish rally on OIL yesterday,
CAD pairs are nicely reacting.
USDCAD formed a high momentum bullish candle on a daily.
Approaching a daily falling trend line,
the price is currently forming an ascending triangle (classic bullish accumulation pattern).
To catch the next swing move, wait for a bullish breakout of 1.25 horizontal resistance of the triangle (daily candle close above).
Then buy on a retest.
Next supports:
1.2645
1.2735
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EURNZD: Major Weekly Structure Ahead
After a massive selloff from 2.0 level,
EURNZD is finally approaching major weekly support.
From that, a strong correctional movement may initiate.
To catch it, pay attention to a falling wedge pattern.
Breakout of its resistance will be a perfect trigger to buy.
EURNZD: Important Structure Breakout
hey traders,
EURNZD broke a key level again.
With this strong high momentum bearish candle, the price is trading below key structure right now.
If you missed that rally, I would recommend you paying attention to the confluence area based on a falling trend line and horizontal resistance.
That serves right now as a local supply zone. It can be a very safe area to short from.
Goals will be:
1.675
1.671
DXY (Dollar Index): Signs of Weakness
hey traders,
it looks like dxy returns to a bearish trend again.
after a quite impressive growth from 6th January, yesterday the price broke below a support line of a bearish flag pattern on 4H.
that breakout may be a perfect trigger for the initiation of a new bearish wave.
for now, I expect a continuation to 90.0/89.25 levels, but we must remember that the global trend is bearish and indexes may continue falling in value.
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EURUSD: Important Decision Ahead! Scenarios for Next Week:
EURUSD is facing a major point of confluence.
1.206 - 1.209 is the area based on a support line of a rising channel and December's local daily horizontal support.
With a quite strong bearish momentum this week, we must consider two potential scenarios:
Bearish - in case of a daily breakout of the underlined confluence zone, the market can fall even to lower structure levels.
1.195 is the next closest strong horizontal support to consider as the goal for sellers.
Bullish - we must remember that technically EURUSD is still trading in a bullish trend .
In case if the confluence area is respected and we see clear reversal clues, we may expect a bullish reaction.
The next closest resistance will be 1.22
For now, I am still bullish biased and on the side of the major trend.
But who knows!
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EURUSD: Important Decision Ahead! Scenarios for Next Week:
EURUSD is facing a major point of confluence.
1.206 - 1.209 is the area based on a support line of a rising channel and December's local daily horizontal support.
With a quite strong bearish momentum this week, we must consider two potential scenarios:
Bearish - in case of a daily breakout of the underlined confluence zone, the market can fall even to lower structure levels.
1.195 is the next closest strong horizontal support to consider as the goal for sellers.
Bullish - we must remember that technically EURUSD is still trading in a bullish trend.
In case if the confluence area is respected and we see clear reversal clues, we may expect a bullish reaction.
The next closest resistance will be 1.22
For now, I am still bullish biased and on the side of the major trend.
But who knows!
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EURAUD: Catching a Pullback
EURAUD has just broken a falling wedge pattern on hourly time frame.
Just before the breakout, the price has set a higher low confirming bearish weakness.
Now we see the retest of the broken resistance.
From that, a bullish reaction is highly probable.
Intraday goals:
1.5767
1.5818
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