30pips
GBP USD Setup - 13-09-2021Hi Traders,
GU is likely to break this structure to the downside. The 4h chart is giving us a double top pattern and the 1h chart is making a head and shoulders pattern which gives confluence. A break of this structure can make price test the 1.38000 Levels.
Happy Trading.......
GBP USD Setup - 22-12-2020 (ZONE CORRECTION)Hi Traders,
The Corrected zones are as marked above, Enter a position after breakout from the red zones in 30m TF. The trendline breaks can be used for scalping. We recommend a position on retest at the zone in 15m TF. Ensure proper risk management.
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A breakout is Possible in GBP AUD - Trade SetupHi Traders,
This pair is in a downtrend as per higher timeframes. We have good resistance zone between 1.84114 - 1.81264 (Blue Area). When we analyse the daily chart, price gave fake breakout of the 50SMA and it has again retested the 50SMA on friday after finding support at the trendline.The 15min Chart shows that after finding support at the trendline price has failed to form new highs which is a sign of exhaustion. We can enter a short position after a trendline breakout in 15 min and hold the position till the hourly chart tests the 50SMA. While holding the position 1.80000 is a psychological level to watch.
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AUD JPY is preparing for a massive drop - Trade SetupHi Traders,
The daily chart indicates we are still in a sellers market and the uptrend in the lower timeframes are actually a pullback move. The major resistance is at 76.748 - 76.218 (yellow zone) levels. The hourly chart indicates we have a minor resistance at 75.954 - 75.858 (Blue zone). This level can be used for short term scalping trades. Now coming down to the 15min Chart, we have an outer trendline and an inner trendline. Since the major trend is down we recommend looking for sell positions. The break of the inner trendline can be used to enter a short position and can be held till the hourly chart touches the 50 SMA with the Stoploss maintained above the blue zone. Another Short setup can be the break of outer trendline.
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Short Opportunity in GBP CADHi Traders,
The higher time frames indicate we are in a short term downtrend. Price is testing key resistance at 1.69837 - 1.69676 Level(Red). If price breaks and close below 1.68697(Yellow), we can enter in a short position for a possible target at 1.68106(Green) with a stoploss maintained above 50SMA. This trade Setup is valid only for the present day as these levels can change tomorrow.
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