GBP/USD READY FOR A LEG HIGHER?!?I'm currently looking at GBP/USD to shift gears and make road for 1.27000. I'd be waiting for a pull back to around 1.24000 before looking at getting an entry, this reversal from here would create a nice inverse head and shoulders showing good signs for a new move higher. The weekly also printed a nice bullish candle confirming bearish price action is slowing down.
Forexsetup
EURNZD Gaining StrengthPrice is currently within an ascending channel pattern. After price made an impulsive bullish move from May 11 to May 16, price pulled back with a descending channel at the bottom. We are expecting an end of the pullback right at the 61.8% fib level of the bullish move and a possible reversal.
USDCHF WAITING FOR THE BIG MOVESUSDCHF
- Price is correcting inside this channel since August with a clean behaviour.
- Price is currently making a fourth touch in the supportive trendline and failing to reject impulsively (as it has happened before).
- The price is located inside of a large conciliation box which ends up indicating our last support level.
- We are looking for long entries in the 1H/2H/4H timeframes if we find a good reversal pattern.
- We would only enter in short positions if we have an impulsive break of our conciliation box. Keep in mind that a break and re-test is also valid for short positions.
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GBPNZD SetupOANDA:GBPNZD
Price was in a short-term corrective phase of lower lows and lower highs - although price seems to want to pull back once again to med-term downtrending resistance due to inverse H&S Pattern.
Long term, we are in a phase of higher lows and higher highs (BULL)
Price has perfectly wicked off of H&S Support.
I will enter LONG when price breaks H&S resistance or retests.
GBPUSD to watchGBPUSD usually continue's it's overall trend after three touches of a correction.
In this instance, GBPUSD will most likely continue it's downward trend after three resistance touches in this wedge.
We are currently approaching the second touch of resistance and it is a great shorting opportunity.
Remember, only enter if price action permits.
GBPAUD Short Term SetupOANDA:GBPAUD
Ill be watching this baby closely...
Dropped back below it's resistance level.
Came back to touch the 50 fib level literally perfectly...
Lets see what price action shows us - back up or down?
Stay safe and stay smart.
Dont forget....
Trade like a C A S A A AI I I N N N O O O O O!!!!!
EURUSD Support BreakoutOANDA:EURUSD
WOOOOOOO! A N O T H E R idea.
I should really charge for this (jk)
EURUSD fresh outta support.
Close to retesting prev support as resistance.
1: Strong impulse move through support (tick) 2: Exhaustion back up to prev support (tick) 3: Price action Re->bou=>nd Confirmation (WAITING)
Remember, ONLY TRADE WITH SUFFICIENT CONFIRMATION.
S T A L K the markets so hard that the cops get suspicious.
Dont forget, trade safe, trade smart and d
T R A D e like a C A S I N OOOOO babyyyyy!!!!!!!!!!!!!! >:)
GBPNZD - Ascending WedgeOANDA:GBPNZD
BOOM! A N O T H E R setup to stalk... I should CHARGE for this!
Anyways, keep yo eyes open and if price action permits... hop in for the long!
Why?
Because med-term trend is bullish, price is close to support, 20MA and 50MA are bullish, price is in a tested wedge.
But remember one thing... ONLY ENTER IF PRICE ACTION + CURRENCY STRENGTH + ANY OTHER CONFIRMATIONS permit.
Anyways be safe, be smart, and don't forget... to
TRADE LIKE A C A S I N OOO O O O O !
GBPUSD Ascending Wedge SetupOANDA:GBPUSD
GBPUSD in a clean little ascending wedge, with long-term bearish bias and short term bullish bias - On the daily, theres some recent clean and strong bullish price action and on the weekly theres a strong bullish candle forming.
To time a better entry, make sure to get on to the lower timeframes.
Anyways guys, good luck and don't forget to trade like a casino.
USDCHF READY FOR BIG UPTREND RIDEOn Daily Chart When We Look There is Clear Head And Shoulder Pattern In OANDA:USDCHF
Trader Can Go Long on this Pair Around 1.0050-1.0000 With Exit Trade At Swing Lows of Daily Chart That Is On Right Shoulder As We can see on the chart at .9907 . We Will See 250-300 Pips Upside As Per Daily Chart That Is Around 1.0250-1.0300
I Am Long on USDCHF With Stop of .9907 and target of 1.0250-1.0300
AUDCAD Short OpportunityHey!
AUDCAD Possible Short setup:
1. Last week candle extreme bearish Engulfing
2. H&S chart pattern formation
3. FIB 50%
4. Light blue = strong support-resistance area (currently resistance)
5. Possible short-term Double TOP formation
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All the best!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
#USDTRY D1 #BUY #LONGRisk Disclaimer: This post is not a trade signal.
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