Trader Segun96 — Trading Ideas & Charts

, 240Short

Segun96 Updated

USD fundamentals are bearish at the moment, causing this pair to continue to trend down. Technically, the market has broken recent consolidation area/support and is now making lower lows which we can capitalize on.

GBP/USD NEUTRAL

GBPUSD

, 240

Segun96

GBP/USD has been bullish for a while but that momentum has slowed down as brexit news is anticipated over the next few days. Brexit news will be a key determinant of whether the market breaks above over below the current support/resistance zones.

GBP/USD LONG

GBPUSD

, 60Long

Segun96

Daily market has been making higher highs forming a daily channel. The 4hr market has been making higher highs and higher lows. The 4hr market has also retested from a 4hr 50% fib support level (at the blue daily zone). These are bullish indications. Confirmations: Trade 1: Candlestick confirmation upon formation on a new higher low in the 1hr chart at the daily...

USD/CHF SHORT

USDCHF

, 60Short

Segun96

Market is making lower lows on the 4hr chart. Market has made another lower low on the 4hr chart. Confirmation: Lower low formed by break of 1hr zone 0.909; qhr bearish engulfing/ bearish marabozo OR a 15 minute retest of the 1hr zone additionally with 15 minute candlestick confirmation such as shooting star, bearish engulfing etc. Trade: at close of candle confirmation.

USD/JPY SHORT

USDJPY

, 60Short

Segun96

Market has broken and retested the daily 105.190 zone in the bearish direction. It further broke and retested the 4hr zone (upper blue rectangle ) in the bearish direction. Market is making lower lows. Market has formed a tight triangle in the 1hr timeframe with expected break in the bearish direction below the 4hr zone (lower blue zone). Confirmation: Bearish...

USD/CAD LONG

USDCAD

, 60Long

Segun96

Market is currently at a strong monthly support of 1.3. This area is also a weekly 61.8% fib level. Market is ranging between daily zone 1.34 and monthly zone 1.3. Market has rejected the 1.3 zone and found support at the 4 hr zones (lower orange zone), which is also a 50% fib level on the 4hr chart. These are bullish indications. Confirmations: Trade 1(trade...

EURUSD SHORT

EURUSD

, 60Short

Segun96

The market is ranging between Daily zone 1.1900 and Weekly zone 1.16200. The market has made multiple retests of the 1.1900 area/zone and failed to break it: bearish indication. We are looking for a break below the previous 4hr low to indicate the start of a downtrend. Confirmation: 1hr strong bearish marubozu, bearish engulfing, etc. below the 4hr...