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Swingstrategy

GBPJPY: Consolidation and Complete Indecision 🇬🇧🇯🇵 GBPJPY is very weak. The pair is coiling within a narrow range for 2 weeks. FED & BOE interest rate decisions are ahead. These news can be the important catalysts for the pair. Watch carefully how the price reacts to the boundaries of the range. If the price breaks and closes above 188.95 on a daily, for us, it will be a strong trend following signal. A bullish continuation will be expected then. Alternatively, a bearish breakout and a daily candle close below 187.1 can give us a strong bearish confirmation and trigger a correctional movement. Of course, because the trend is bullish, probabilities are higher that we will see a movement up. However, I strictly recommend to wait for a confirmation first. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
5
USDCHF: Confirmed Bullish Reversal🇺🇸🇨🇭 USDCHF reached an important confluence zone last week. We see a nice intersection between a daily horizontal support and a lower boundary of a falling parallel channel on a daily. Analyzing 12H time frame, we can spot an inverted head and shoulders formation. The neckline of the pattern was broken with a high momentum bullish candle on Friday. It confirms the strength of the buyers and a highly probable bullish continuation. Next resistance - 0.885 ❤️Please, support my work with like, thank you!❤️
by VasilyTrader
1
EURNZD: Important Bearish Breakout 🇪🇺🇳🇿 Take a look at a price action on EURNZD. First, we saw a strong bearish wave on a daily. Then, the market became weak and the price started to coil within a narrow horizontal range. After a consolidation, a support of the range was broken. It is an important sign of strength of the sellers and signifies a local change of character. I believe that the pair may easily drop to 1.782 support now. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1