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Swingsetup

GBPUSD: Detailed Technical Outlook 🇬🇧🇺🇸 I received a lot of questions from you this morning about GBPUSD. Even though the pair is very bullish from the middle of July. I want to remind you that we are trading in a global bearish trend and I would consider a current bullish move to be a correctional wave. Analyzing a price action, I spotted a nice little bearish flag pattern. I assume that the market will keep growing within than till it reaches some significant supply zone. The closest such an area that I see is 1.233 - 1.2483 zone. I will expect a bearish reaction to that zone and the trigger that I will look for to short the pair will be a bearish breakout of a flag's support. Then a bearish continuation will be expected at least to 1.206 Alternatively, bullish violation of the underlined yellow structure may 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
2
GBP/AUD: Long Reversal runningGBP/AUD: Long Reversal running > Higher High and higher low printed > Break out of the triangle formation > POC below current price > Last weekly high far away Structurally, this is a long based on the rules of our Wall Street H/L System. It is, however, a little risky ahead of the FED tonight. Why? Because the decision + press conferent COULD lead to direction-changing moves. If you do not mind economic data risk, you can enter. Also check out my stream on the FED + Swingsetups: www.tradingview.com Meikel & Team WSI
Short
by WallStreetIntelligence
30
GBP/CHF: Long Reversal running & FED commentGBP/CHF: Long Reversal running > Higher high and higher low printes > inner trendline break > quadruple bottom > POC below current price We are seeing broad GBP-strength, also visible in GBP/CAD, GBP/AUD, GBP/JPY and GBP/NZD. GBP/CHF checks all the criteria for a long entry according to our H/L Wall Street System. Post Fed Meeting The dust has settled since the FEDs epxted 75bps interest rate hike. During the press conference Powell communicated what we call a "dovish hike". The FED did hike interest rates, but the forward guidance is not as strongly hawkish as in the past anymore. Now, the FED ist data-dpendent, which is a softer stance on rate hikes. The consequence is a risk-on reaction in the markets: Stocks are rising, USD and JPY is weakening and Crypto is rallying. Please always remember: Trading is a game of probabilities. This means that a single trade is not important. A system plays out over a large number of trades (i.e. 100-200 trades). Every trade should be taken with a risk as a % of your capital. Risk management is absolut key. A win rate of 70% means: Out of 100 trades, you will have 70 wins and 30 SLs. Do not risk your account on the 30 SLs. Best Meikel & Team WSI
Long
by WallStreetIntelligence
2
DOLLAR INDEX (DXY) Key Zones to Watch 💵 After setting a new higher high higher close 10 days ago, Dollar Index is retracing. Here are the key zones to watch from where we may see a trend-following move: Support 1 - 2 is based on a confluence zone between a major rising trend line and 105.1 - 105.8 demand zone. Support 3 is based on 102.5 - 103.8 demand zone. Once one of these zones is reached, look for a confirmation on long time frames to confirm a coming bullish impulse. I will post an update one I spot a decent confirmation. Alternatively, bearish breakout of these zone will trigger selling waves. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:DXYLong
by VasilyTrader
7
SILVER (XAGUSD) Key Level Ahead! Your Plan: 🪙 Even though Silver is very bearish, ahead is a strong confluence zone on a weekly. The underlined yellow area is based on 618 retracement of a major impulse leg and a horizontal demand area. To catch a bullish move from that, watch a falling parallel channel on 4H. Your confirmation to buy will be its bullish breakout (at least 4H candle close above). Then buy aggressively or on a retest. Your target will be 20.16 If the price breaks the underlined area to the downside, 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!❤️
OANDA:XAGUSDLong
by VasilyTrader
4
MarketBreakdown | EURJPY, EURCHF, GBPCAD, GBPCHF Hey traders, here is a brief technical outlook of 4 peculiar instruments on my watch list. 1️⃣ EURJPY - Daily time frame 🇪🇺 🇯🇵 I see the signs of a bullish accumulation: the price has already set two equal highs and keeps setting higher lows. I believe that we will see a breakout attempt of a current horizontal resistance. Daily candle close above that will trigger a bullish trend continuation to new highs. 2️⃣ EURCHF - 3 days time frame 🇪🇺🇨🇭 The pair is approaching a solid horizontal zone of demand. Be prepared for a breakout attempt. Its bearish breakout will trigger a bearish continuation to a year's low. 3️⃣ GBPCAD - Daily time frame 🇬🇧🇨🇦 As I predicted, GBPCAD dropped nicely. The pair formed a double top formation with a lower high. Its neckline violation signifies a highly probable further decline. 4️⃣ GBPCHF - Monthly time frame 🇬🇧🇨🇭 The pair is currently approaching a wide weekly demand cluster. Taking into consideration that the market is very oversold, I believe that we will see a pullback from that structure soon. Look for a confirmation on lower time frames to buy. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
6