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Weeklymarketsanalysis

AUDJPY on a weekly resistance 🦐AUDJPY on the weekly chart (left side) is now testing again a weekly strong resistance around the 76.400 area At the beginning of June price hit and got rejected sharply by the resistance zone, hit the 0.5 fib retracement zone and start again a new impulse to the upside. IF the market will break and close above the weekly structure we can look for a nice long position. IF the market on the other hand turn again below the 75.000 area, we can look for a short order according with Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
by InkyGrip
1
CHFJPY on a weekly resistance 🦐Market is ranging between the 107 and 118 area, on the weekly chart market has been in a discending channel. After the break of it it started an uptrend in higher high higher low move. Currently the market has approached a weekly strong resistance that also is at the top of the asceding daily channel. If the market will break the channel to the upside and consequently break the weekly structure we can set a nice long position according with our strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Long
by InkyGrip
1
US OIL will break the monthly resistance? 🦐US OIL on the monthly chart has approached a very important level of a clear resistance zone. On the weekly chart we can see that the market has been in a consolidation phase for the last few weeks. What we could expect is to see the price retrace between the resistance zone and ema 21 before a break or possibly a clear break of the structure retest of it and continue the uptrend move. –––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
TVC:USOILLong
by InkyGrip
4
GBPJPY Weekly Market Analysis. Inverted Cup & Handle Pattern.GBPJPY formed a beautiful Inverted Cup & Handle pattern along with a Bearish Flag pattern in 1 day time frame. After that price broke both the patterns with high Bearish momentum and is now on its retrenchment move and almost retesting 0.61 or 0.78 on the fib levels. Thus indicating the price to go short in the long run. Draw an uptrend line in a lower 4hr time frame and wait to enter when price breaks below that trend line on a lower time frame. That would make your entry much more safe. FX:GBPJPY
Short
by fxtradearmy505
WEEKLY ANALYSIS USDCHF SHORT SETUP! (CLEAR TREND)Good day traders! Wish you all have a pleasant weekend and do enjoy yourself and happy trading! Start off with USDCHF! Price has been moving in downtrend for the past week and it has formed a symmetrical triangle chart pattern and this is an indication of bearish movement. We strongly believe that symmetrical triangle is one of the most frequently appearance in USDCHF pairing. Head and shoulder has formed, too, which further pushing down the price. The upcoming week, we will be looking for SHORT opportunity. A close below 0.94541 will expose the price to way below. Always go for a clear trading strategy and enter trade with good risk management. It's always you versus yourself instead of you versus the market.
Short
by ChinSengFx
Can We Continue Up Or Return To The Trendline?Wow! What a nice trendline bounce we had last week! Looking for some more action this week by seeing if we can keep the bullish pace up to the monthly level or make a return to the weekly zone, but this time to break through the trendline and let the bears take over. Now I am seeing a potential double top trade for the short when we reach the first bull tp. But let's see how things play out. BULL TPS: • 1779.64 • 1789.82 • 1805.30 BEAR TPS: • 1760.44 • 1754.14 • 1739.48 • 1725.92
FX:XAUUSD
by NikaJourney
2
EURUSD WEEKEND ANALYSIS! DAILY CHARTGood day traders, hope you all have a pleasant weekend ahead. Weekend has always been the best day to do self reflect in our trades throughout the week, as well as to have weekly analysis to ready for the week ahead! Start off with EURUSD. From daily chart perspective, price has broke below the strong support. Nevertheless, price has closed in a very bearish environment. Therefore, for the week ahead, we will be looking for short opportunity as well. Price is expected to retest 1.11788 (strong support) before going all the way down to targeted profit region, 1.10778, which inline with EMA55, too. We will watch closely the formation of candlestick/price when price retrace back to strong support region on Monday. Entry price: 1.11788 (Sell limit) SL: 1.12049 TP: 1.10778 Always go for a clear trading strategy and enter trade with good risk management. It's always you versus yourself instead of you versus the market.
Short
by ChinSengFx