EUR/USD market positionprice has shown some candlestick rejections at the 78.6%retracement region, we could perceive this as a completion of a new lower high.
Some heavy momentum to the downside could occur.
risk/reward ratio 1:1.3
Trend-reversal
EURUSD - New Sell Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow.
EURUSD is overall bearish trading inside the brown channel, and it is currently sitting around the upper trendline, so we will be looking for short-term trend-following sell setups.
EURUSD is forming a channel in blue (but it is not valid yet) so we will be waiting for a new swing low to form around our lower trendline to consider it our trigger swing. (projection in purple) and then and only then, the reversal setup would be ready and confirmed after a momentum candle-close below the last swing low (gray area).
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still break the channel upward.
Good luck!
~Rich
GOLD - Detailed Video Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for GOLD, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
GBP/NZD analysis Price seems to have respected our 78.6% trendline with bearish exhaustion around the line, we could pick momentum toward targeted regions of 1.9042 and perhaps even higher.
risk/reward ratio 1:2
GBP/CAD analysis price rejected the long term downward trendline previously which was also in confluence with -27% retracement fib, we could now be seeing a lower high being formed to additional confluence to confirm a more aggressive leg towards the downside.
risk/reward 1:1.7
NZD/USD market setupThe first setup to begin the week, we've seen a clear that of the third drive into the downwards trendline, with consisting candlestick rejections and reversal candles(doji) showing bias towards a more bearish move on this pair.
1st targets retest into daily support.
risk/reward ratio 1:2.3
EUR/USD market positionConfluence around the 1.2786 price region which price has respected and could showcase downside pressures.
risk/reward ratio 1:1.6
usd/cad intraday positionSigns of candlestick rejections around the 78.6% fib retracement region at which price was consolidating at.
Also, the central bank interest rates remarks could be a catalyst in usdcad price action.
risk/reward ratio 1:1.4
EUR/AUD market setupMajor resistance around the 1.5745 area with previous signs of rejections around that price region exhibiting that, also 78.6% fib rejection adds further confluence to that bias.
risk/reward ratio 1:2
GBP/USD intraday setupprice is still consolidating around the 1.3700 price region, we have found some intraday bearish exhaustion around 1.3620 which has acted as liquidity zone previously, and have seen some buying power around this zone.
risk/reward slightly tight
EUR/GBP intraday setupSigns of rejections around the fib region, with exception to how the trend is on the downside, we can capitalise on this lower high leg formed for further momentum to the downside.
risk/reward 1:1.6
market execution: USD/CAD analysisprice has retraced into a confluence region where could be viewed as a new lower high. We could expect further bearish pressure around this region.
risk/reward is tight
EUR/GBP intraday setupsigns of bearish exhaustion around the -27% fib region acting as support as price failed to break below it, even followed with another spiked rejection could further add consensus to our bias, which we could expect some upward shift in price action.
risk/reward is 1:2
market execution: EUR/CAD analysissigns of bearish exhaustion around the 1.5490 price region, which price could consolidate around the supporting trendline and fib level and create new momentum towards the highs. Reminder, that on larger time frames price is still exceedingly bullish for euro versus the Canadian.
risk/reward ratio is 1:2
USD/CAD market positionutilising the market trend as a general map of how price action is behaving, USD/CAD has been trading aggressively bearish. Despite price attempting to reverse, we see a strong confluence around current price region acting as a resistance for candlestick rejections as well as a key fib level.
risk/reward ratio 1:2
intraday setup eur/usd analysisPrice is still relatively bullish on the long term aspect, we have seen some liquidity around the top of the psych price region, and we are currently seeing signs of momentum to the upside to potentially tap or break above that region. A preferred area of buying has grossed our attention around this confluent region where price could respect the trendline and fib before trailing higher.
great risk/reward ratio
FRESH short signal on the EURUSD Daily chart. My long term trend following model just spat out a fresh EURUSD signal. The signals take price/time inputs exclusively, and involves an initial 'headfake' filter and then requires confirming momentum within a certain timeframe before signaling. EURUSD, GBPUSD, and EURGBP are all very much in play given the recent COVID developments in the UK, as well as BREXIT talks. As you can see from the image the signals aren't bang on all the time, but produce excellent risk reward when they pay.
GBP/CAD analysis price has respected the downside trendline and traded within range, expecting some downside price actions which could tap our -27% fib region
risk/reward ratio 1:2
gbp/jpy market setupAs clearly mentioned price is respecting our 61.8% retracement region, we could expect potential downside pressures into previous spiked lows.
risk/reward ratio is 1:1.5
EUR/GBP intraday setupeuro is still trading extensively bullish against the pound, picked an area of retracement region which price tapped, where a new leg could be formed and move right into TP targets and higher.
risk/reward ratio is 1:1.6
market execution: eur/cad analysisPrice is exhibiting some rejections around the 61.8% fib region, this could be a point of momentum shifting towards the downside.
risk/reward is 1:2
