NZDJPY: Breakout & Bearish Forecast 🇳🇿🇯🇵
Update for NZDJPY pair.
It turned out, that the price managed to break and close below a key daily support.
82.1 - 83.28 is a solid supply zone now.
The pair will most likely keep falling to 80.0 support.
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Swingtrader
EURUSD: Detailed Structure Analysis 🇪🇺🇺🇸
A lot of questions about EURUSD.
Here is my latest structure analysis and key levels to watch for you:
Analyzing a monthly time frame, I spotted 0.94 - 0.96 historical support
based on a price action of 2001 and 2002.
On a daily time frame, a bit lower, we have a support line of a major falling parallel channel.
The trend line and a monthly horizontal structure compose a solid demand zone from where the pair may bounce.
Concerning the resistances, I see 0.986 - 0.99 horizontal resistance and a resistance line of a channel.
They compose a supply area.
Consider these structures for pullback / breakout trading.
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NZDUSD - bearish bias confirmed?Hello everyone & let's have a profitable Monday! :))
This setup looks very promising based on price action and fundamental data. NZDUSD is looking very bearish on the higher time frames and is currently attempting to make a new low on the monthly as well as on the daily time frames. We broke past all the moving averages on the 4-hour and on the 1-hour. We also have a new low plus the closure of a bearish engulfing candlestick, which is a strong indication to confirm bearish bias. As a cherry on top, the NZD is being sold off against the USD, so as I said-this setup looks good for a further drop down. :relaxed: :fire:
EURUSD: Update & Bearish Bias 🇪🇺🇺🇸
As I predicted, EURUSD has perfectly respected the confluence zone based on a resistance line
of a major falling parallel channel and a horizontal structure.
Even though the pair remains quite weak the last few days,
I remain very bearish biased and assume that the pair will manage to reach 0.9905 low soon.
Once it is reached, I will post un update again!
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CADCHF Swing SHORT + 150 PipsWelcome back! Let me know your thoughts in the comments!
**CADCHF - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURNZD 1H Chart, Bearish DirectionWe have a large Supply Zone sitting higher, but i believe in order to reach it we need to have a pullback and grab some liquidity before it makes the final push up. A nice 1H Supply was created here and tested with a rejection pinbar. I am shorting from the pinbar and hope to see it fall more. I've got a 45pip stop and targeting a 1:3RR.
AUDCHF: Important Breakout 🇦🇺🇨🇭
AUDCHF broke and closed below a key daily demand area last week.
The broken structure turned into a resistance now.
I will expect a bearish move to 0.6515 level now.
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