BTC has reached an important level. If we close under a support below 45,000 on a daily chart, testing at the 42,000 level is likely to follow. I also do not rule out a level of 38,000 if this outflow accelerates. RSI and Awesome indicators also project a more bearish picture.
CHF/JPY 4h chart. The price is currently testing a key level and the wedge pattern that broke through last week. For us, this means a great Risk-Reward trade in the short direction, as there is room for the price to fall.
USD / CHF 4h chart. The price bounced from a rising trend line, but now it has started to sideline around a stronger resistance. If the zone marked in red is broken by the price, we can open a long trade with a good risk-reward ratio.
NZD/USD 4h chart. The price is at the bottom of the wedge pattern. Bounce is also possible, but once the bottom line is broken, there is a great opportunity for a short trade. Important rule! Open the trade only if the purple line is already broken!
ETH/USD 4h chart. The price is at the bottom of the wedge pattern, its a great Risk-Reward trade for the week. Take profit around $400, at a strong resistance. Also, $400 is a psychological level as well, so I wouldn’t put the target price above this week.
EUR/GBP 4h chart. Descending triangle pattern, the breakout is due in the short direction. The next strong level is far away, there is room for a fall in the price. Great Risk-Reward ratio, I'm expecting a big boost this week.
EUR/JPY 4h chart. A rising wedge pattern draws on the graph, which I'm expect to break this week. Due to the excellent Risk-Reward ratio and the RSI divergence, short trade may be the right choice.
AUD/USD 4h chart. The price is bouncing on a trend line, after the big run on Friday. I'm expect a correction/ bounce movement. In addition to a great Risk-Reward ratio, RSI is also in the oversold zone, which favors short trade ideas.
My last swing trade for this week. I expect correction on the GBP/JPY, which grants for us a great Risk-Reward ratio. Target the 0.5 level of the Fibonacci Retracement.
GBP/USD 4h chart. An excellent opportunity emerges on the graph in a Head & Shoulders pattern. Great Risk- Reward ratio, the RSI also has room to rise, everything is given for a great long trade.
On the NZD/CAD comes an another oppotunity. Wedge pattern on a daily chart,the nearest key level is far enough for a great Risk-Reward ratio. After a little correction, i think this is a high probability trade.
Great long opportunity for the week on the GBP/NZD pair. After the breakout of the double bottom pattern at the last week, I think there will be a retest till the neckline. After that there is a great opportunity to trade in the Long direction.
Great short opportunity for the week on the EUR/GBP pair. A double top pattern emerges, I expect the neckline to break. The target price is the following key level.
I see several swing trade opportunities this week, this is one of them. On the GBP/USD pair, the price bounced at a strong key level, which also coincided with the EMA 200. Currently, a great risk-reward trade is opening up in the short direction. There is also a key level between our target price and the current exchange rate. When the price reach this level, set...
I see the first option of the week in CAD/CHF. RSI is overbought, the price is near a strong resistance . Excellent Risk-Reward ratio. Take Profit can be perfect for the next key level.
After a little summer hiatus, I came back with weekly analyzes. One of the best options are on the AUDCAD pair. Almost every timeframe is overbought by the RSI, and the price is dancing around a strong resistance level. A correction is expected, which provides us with excellent Risk-Reward trade. If the 0.9636 level broke, open a short trade.
On the GBP/USD comes an another oppotunity. Engulfing pattern on a daily chart, RSI is not overbought anymore, the nearest key level is far enough for a great Risk-Reward ratio. This idea is similar to the USD/CHF and the EUR/USD pair. If you want to trade the dollar strengthening on every chart, beware of cumulative risk!
On the EUR/USD pair, we run a long-term short trade again. Engulfing pattern on a daily chart, RSI divergence on a 4-hour chart, the nearest key level is far enough for a great Risk-Reward ratio. This idea is similar to the USD/CHF pair. If you want to trade the dollar strengthening on both charts, beware of cumulative risk!