ShaunGadd02

ShaunGadd02

Hey guys hope you are all doing well! Here I have a beautiful set-up on EJ! Previously before the consolidation phase the market is trading in now, the market faked out of a very strong area of resistance(identified on 4H chart) before trembling back down creating HL and LL's. This shows me that the trend is now bearish and I am looking for sells. As you can...

ShaunGadd02

Hey guys! Here is a nice set up on GJ. Currently the market is in a 30 pip range and is pushing towards a resistance area and testing the previous high identified on the 1H chart. I want to see a break of this resistance area and then target the high that is identified on the 4H chart which is also a very strong area of resistance. This trade all depends on...

ShaunGadd02

. On the Daily timeframe there is a major area of resistance where the market sold off for a long period of time from this level back in September 2018. . Due to the market reaching the highest highs since 2018, I expect the market to reverse, however there is a possibility price could reach up to the 1.20000 level and the market is just retracing. . As we can...

ShaunGadd02

Here we have a nice set-up on the EUR/AUD pair on the 1 hour chart. I started by identifying the long term trend on the 4 hour chart and decided to find a set-up on the 1 hour chart. On the 1 hour chart, I laid out the Fibonacci levels onto my chart from the last move in the market to the downside from the swing high to the swing low. After I had laid out the...

ShaunGadd02

Fibonacci levels are laid out from the most recent swing low of the previous move to the upside to the swing high. From where the swing high is located we can see this market moved to the downside and reached the 61.8% Fibonacci level to then reverse and continue a trend to the upside. Price then retraced back towards the 61.8% level and again bounced off this...

ShaunGadd02 Updated 

Price is currently moving in the upside direction towards the 61.8% Fibonacci level, and is in an area of resistance. Within the parallel channel in recent time, we can see that price had bounced from the swing low and NEARLY hit the 61.8% level but didn't quite reach before reversing back into the downtrend. Now we are in the pullback, back towards the 61.8%...

ShaunGadd02

For the analysis of AUD/NZD I first identified the overall long term trend on the 4 hour chart. In this case the currency pair is moving strongly in a uptrend therefore I was looking for any opportunities to enter the market in a LONG position. I then used the 1 hour chart in order to find a trade set-up, therefore I searched for a recent PREVIOUS move to the...

ShaunGadd02 Updated 

Identified overall trend on the 4 hour chart, in this case the market was a downtrend, therefore I was looking for a short position. Whilst still on the 4 hour chart, I looked for the last MAJOR move to the downside and located the SWING HIGH and SWING LOW. Once located, I used the FIB tool and went from my located SWING HIGH - SWING LOW with the tool. After I...

ShaunGadd02

Looking at the 4 hour chart I have identified that the Japanese Yen is going against the Pound and moving overall in a downtrend. I moved over to the 1 hour chart to identify a set-up, therefore I looked for the most recent ended SHORT session within the market and also identified the SWING HIGH and SWING LOW for the session and plotted my FIB retracement tool...

ShaunGadd02

For the analysis of NZD/USD, I identified the long term trend of the currency pair. In this case it was an uptrend therefore I was looking for a Long position, I used the 4 hour chart in order to find the long term trend and identify my position and then used the 15 minute chart in order for me to identify potential trade set-ups. Therefore, on the 15 minute chart...