GeorgeZii

GeorgeZii

The pair is caught in a beautiful channel. What we do in similar situations is pretty much well known; we wait for the breakout the channel in order to hunt a nice RR. Someone could trade the trendline bounce as well, but this is riskier and offers less great RR.

GeorgeZii

Not very volatile pair but this doesn't mean we shouldn't pay attention on how it moves. Recently, we saw the price reaching major support level, from where we noticed strong bullish rejection from the buyers. Price went up a bit and now it's forming a bullish flag while it needs to correct itself in order to keep up with the bullish trend. I feel ambitious we can...

GeorgeZii Updated 

Hey traders, I believe that our pair follows the path of a bullish flag correction, before it continues the rally. I drew my ABCDE pattern as always, and I expect some bullish breakout and continuation of the trend. Don't skip noticing the 1H doji which indicates indecision in the market. Good luck on your trades! Personally, I will put this pair in my watchlist...

GeorgeZii Updated 

Hey traders, let me start explaining my thoughts beginning from the long-term space, where I've noticed a nice and clean triangular pattern in an ABCDE formation. In the short-term, GBP is losing ground against the previous week's strong CHF, and we see much bearish momentum, which could easily mean an invalidation of the ABCDE pattern and further downturn....

GeorgeZii

The technology index has shown incredible power lately, and investors get easily confused by the whole situation. So let me express myself on NASDAQ. Our index managed to break the Pre-Covid high kind of easily, while other indexes struggling a lot more to even touch it. When NASDAQ was close to the vital moment, we suddenly saw a huge increase in Tesla (TSLA)...

GeorgeZii

United States are on the verge of a big damage. Covid 2nd Wave, US-Sino tensions that are firing again and investors' stress are the major reasons that keep them alive right now. Also it's really noteworthy to mention that Dollar is also about to be completely ruined as DXY index is being hammered down violently this week and Gold is making historic highs. Only...

GeorgeZii

Our pair seems not to be greatly influenced by the extreme fundamental wave that takes place during the last 2 weeks. Price manage to break 0.95 level flawlessly without many retests. Now it has come back down again and this time the most expected scenario is to see a move to the downside backed up by strong bears that were sleeping this week and let CAD reach an...

GeorgeZii

Hey traders, our pair has formed a triangular setup based on Elliott Wave Theory, The pattern is very clean, so I expect further downside within the next week in order to complete the pattern.

GeorgeZii

Hey traders, in this trading idea I actually have a good opportunity to write about an indicator that I have been using lately to spot and verify trendline breakouts. So, many times, when a trend is "healthy", without many big pullbacks and other weird patterns or candles caused by fundamentals, the RSI tends to form a kinda-trend as well. That doesn't really...

GeorgeZii

Hey traders, pair has recently broken the uprising wedge it was following strictly for days, and after the lower trendline retest it made some bearish moves which ended at the 61.8 Fib Level of the wedge with a beautiful double bottom pattern which indicates trend reversal. The neckline is clear on the chart, so after it breaks, I expect long continuation to the...

GeorgeZii

Hey fellows, EURCHF has respected the triangular pattern once again today, and now we should be ready for a bullish breakout of it, after the bounce (if there's one) on the S/R. Happy trading!

GeorgeZii Updated 

Hey traders, as you can see GBPJPY price action is following a fibonacci pattern so harmonically, as well as an Elliott Wave pattern. We've seen Wave 1 and Wave 2 completed. Now I expect trendline breakout and long continuation to the 161,8% extension level as a proper Wave 3 should behave like. Extra factors to keep in mind that empower my argument: - S/R...

GeorgeZii Updated 

Hey traders, our pair was moving harmonically in a descending channel before the COVID-19 strike, which we've seen that recently recovered from, so back to normality. The green trendline is the bottom of the channel I mentioned above and price will test it soon. Considering the significance of this line, I say that any move from it will be clean and no traps...

GeorgeZii Updated 

Our pair is currently in an ascending triangle pattern, which according to the Theory, is about to break. We have two scenarios: First scenario: (Yellow) - Price breaks the triangle - Goes 60 pips down to the trend line - Then goes back up in a bull run Second scenario: (Red) - Price breaks the triangle - Goes 60 pips down to the trend line - Breaks the trend...

GeorgeZii Updated 

Hey traders, price has reached a strong daily support trendline, which was already tested once before several hours and it made price bounce. However, this doesn't mean that we can't see a spike breaking through the line soon, so stay alerted, about any move. If you stay patient, this pair can hand you hundreds of pips. Note: Price is still in a descending...

GeorgeZii Updated 

Hey traders, I want to share my thoughts with you on NZDJPY before the opportunity leaves us. So, reasons to go short on this pair: - RSI was recently above 70 (Oversold) on the Daily chart - 50 MA is turning downwards to meet the 200 MA which is uptrending, so that makes us think that a possible trend change might come - Fibonacci extension levels from 2 waves...

GeorgeZii Updated 

Both of my scenarios end up hitting the upper trend line. It could possibly happen in 2 different ways though - Either the price will rally to the top after breaking up the highlighted S/R level which is the key to the action... - ... or it will retest the lower S/R first ( because of the trendline breakout previously ) and then it will start a powerful rally to...

GeorgeZii Updated 

Hello, my call on GBPAUD based on the price behaviour is to wait until we have a clear signal of Long/Short. On the downside, we have a tough trendline, so we should expect an uptrend if price wants to respect it. However we've seen a Double Top forming just above the line, so we have to be ready to react in a breakout of the channel to the downside. At a first...