NZDCAD H4 - Long Trade SetupNZDCAD H4 - Popped higher, rejected supply initially at 0.92100, may just be a natural correction before a potential further shift upside. Another one to monitor and follow.
Pips
EURJPY H4 - Long Trade SetupEURJPY H4 - This range has been going on for over a month now, for the majority a 70 pip range, but has extended 80 or 90 on a couple of occasions, big rally leading into this consolidation, following this until it breaks.
USDJPY H4 - Short SetupUSDJPY H4 - Still bearish bias for the USD personally, there isn't any real reason to justify reasons otherwise. Popped back above S/R but nothing to indicate a change in trend, USDCAD is the anomaly, setting fresh highs off the back of OPEC talks. Summary in the above video.
EUR/GBP - Technical Moolah!!That's the Stuff that nobody teaches you!!!
Have you ever thought about having multiple Support and Resistence lines?
This is pure Technical Analysis using only levels and trend lines! Don't complicate your Chart with all the indicators under the sky when all you need is a couple of technicals to trade short or long term!
In this particular Situation, EUR/GBP got a bit distracted from the main trend, kind of like starting a new uptrend but then we can observe that it was just a distraction and it's going to get back in it's trend as soon as it has the chance!
USDCAD SELLTHIS COULD BE A POTENTIAL SELL
BUT AROUND THE 4TH ENTRY MARKET SOMETIME REVERSES.
I HAVE SET OUT TP AND SL FOR ANYONE INTRESTED.
THIS COULD POTENTIALLY FALL AGAIN THO AS PREDICTED BEFORE PUSHING UP AND ABOVE THE RESISTANCE.
HUGE SELL opportunity For GOLD !! 400 PIPS I have marked out the phycological stages which GOLD has reacted to well over time along with Keys stages following the graph to the beginning of COVID . there is a HUGE SELL opportunity for gold right now we are going through some consolidation after the rally over Christmas. For the trade we are looking for a reversal pattern along side Bearish candlesticks patterns such as a shooting star , and Three black crows and Evening Stars . this will give us a clean confirmation. Entry will be best at the top of the box or wait for the retest to Enter just before the big movement. in my chart all key stages and near by phycological stages are marked . For the fundamental side we are looking for some over all good about the USD or the EUR this will assist the movement to the downside!
OANDA:XAUUSD CURRENCYCOM:GOLD
happy to hear your views and opinions
thank you!
GBPCADGreat rejection at the trend line. I do expect to see the price moving more up for at least 115 pips
USDCAD H4 - Short SetupUSDCAD H4 - Looking like we want to break UC support at 1.27 whole number. A solid break and pullback/correction to retest 1.27 as resistance could set us up nicely for bearish continuations.
GBPNZD DAY Pinbar candles In the support zone BUYHello traders GBPNZD DAY Pinbar candles. Price reversal In the support zone There is a chance to go up to the key resistance at 1.983.
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NZDCAD DAY divergen sellHello Traders . NZDCAD DAY price hits the trendline. The price reversal bar and rsi divergence.
Opportunity comes down to the important support zone.
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👀Keep Your Eyes on EURUSD (Euro/Dollar)!!!!👀 Hit the Follow 👍As you can see on the monthly chart, price broke a well respected trendline and has been very bullish. We should be expecting continued bullish momentum towards upcoming resistance (On lower timeframes price is retracing for now). When and if we reach the highlighted zone, we will then look for a rejection of the zone or a break and possible a retest should the situation present itself. Our bias is bullish fundamentally due to the completion of the Brexit negotiations.
REMEMBER, our job is to be reactive, not predictive, so don't take this analysis as gospel, take it as inspiration. Make sure you drop a follow for more analysis. (Emojis increase success rate)
Buy on GBPAUD Waiting to see when price will come down to reject the last resistance level. Give me feedback let me know what you think!
SELL GBPCAD SWINGJUST PUT OUT A VERY SIMILAR TRADE ON GBPJPY. GC IS IN A TRIANGLE AND IT HIT A IMBALANCE POINT, WHILE CONTINUING TO MAKE HIGHER LOWS. LETS EAT GIVE FEEDBACK!! WE ALSO HAVE DIVERGENCE WITH RSI AS A SMALL CONFIRMATION
SELL GBPJPY SWINGENTRY: HIT IMBALANCE OF PRICE AND IS MAKING HIGHER LOWS!
BIAS: GBPJPY IS IN A TRIANGLE PATTERN AND I SEE IT PUSHING DOWN TO THE BOTTOM TREND
WHERE I SEE A GREAT POINT OF INTEREST.
EURUSD H4 - Trade SetupEURUSD H4 - As we know, practically the mirror image of DXY. Trading above the s/r zone, resistance price at 1.22700-800, new highs required to maintain upside trend, and subsequently downside trend after fresh lows on DXY.
Technical Analysis EURUSDCurrently watching the EURUSD pair for a breakout of the rising wedge pattern. As shown, we are currently bouncing between the upper/lower limits of the wedge; also, just above at 1.25560 is a 3 year high. From my analysis, I expect to come close to the high, however, I believe there will be a retracement to the S/R level between 1.206-1.207. If the pair tests this level, we could see a drop to the 1.115-1.116 level we saw a few months back. This pair could also break this level and continue to fall to the lower support levels of 1.08. Keep an eye open for this trade and do your own due diligence! #PIPSincoming
EURAUD H4 - Long Trade SetupEURAUD D1 - Support to resistance range is back in play, support has been adjusted slightly after last weeks downside attempt, broke back above 1.61, rejected that monthly key level at 1.62, retesting 1.61 support zone again, could be a good area to catch bid if this support holds.
USDCAD H4 - Long Trade SetupUSDCAD H4 - Failed to set new highs on USDCAD after retesting previous support, previous high price of 1.29100 held, quite the supply area. Back to support I imagine, so eyes peeled on 1.28200 for a potential bounce, we can see a similar thing with DXY, failed to break above resistance highs.
