Forextradingzones
AUDUSD - Technical head and shouldersIn the coming weeks ahead we could see a head and shoulders form as the US economy gains strength. More vaccinations and easing of restrictions is signaling a strong finish to the year for USD.
For AUDUSD, the price has been floating around .77 as previously covered, and now looks to be testing the shoulder line.
If we confirm a breakout then this may change.
GBPCHF POSSIBLE LONG ENTRY!!!This pair has been trending up and on the higher time frame, there is still clean range to the upside for this pair to move and fill. With the evidence of a bullish pennant, i believe this pair to be pushing up further more to fill the range marked by the green lines. I also believe that according to the COT data, this week, the short move involving the CHF has happened already and the commercials have geared up for price to move up. (my opinion). We shall just have to wait for the report today to confirm that. Until then, it appears bullish.
What are your thoughts on this pair? Please leave a comment.
SHORT ENTRY ON GBPJPY!!!!This pair has been trending up and quite possibly could still be trending up, however, the market is currently at resistance evidenced by the trendline its touching right now. I expect the market to bounce off the trendline and move to the support area evidenced by the blue rectangle before continuing to the upside. What are your thoughts on this pair?
EURNZD BULLISH MOVEExpecting the bulls to come in from this consolidation outside the descending channel.
CADCHF - SHORT CADCHF reaches its weekly trend resistance. a selling opportunity with a good risk-reward ratio.
EURCHF - SHORT - target 1.09500EURCHF testing its broken trend line and upper trend line resistance. a good position to sell
Staley Key Level SR SetupKey chart levels are important technical levels at which a financial instrument could face increased buying or selling pressure. Traders look out for key chart levels to place their buy and sell orders around those lines, which accelerates price-moves and increases volatility when the price reaches those levels. When looking to sell a currency pair, traders can look for the short or faster moving average to cross below a falling slower moving average as a sell signal. The most well-known moving average crossovers involve the 50 (51) and 200 moving averages. Support occurs when falling prices stop, change direction, and begin to rise. ... Resistance is a price level where rising prices stop, change direction, and begin to fall. Resistance is often viewed as a “ceiling” keeping prices from rising higher. When you combine these powerful tools with patience and good technical analysis you have a solid setup. This set up is made to be clean and beginner friendly. Please give it a try, and put your own spin on it.
RETEST TRADE ON THE USDCHF!!Well, this pair has been trending to the upside, in fact it seems to have reversed direction into an uptrend but before that happens, a retest of the now broken 200SMA on the daily chart, has to happen before we can confirm an uptrend. Looking to take advantage of the existing opportunity as soon as the market breaks 0.92805 areas and closed below on the 1hr. The Fibonacci agrees with me, the technical side agrees since the market is in a resistance zone after an impulse. This could be a good Friday Trade.
SOMETHING INTERESTING ON GBPCHF!!!!!!!This pair has been trending to the upside until something interesting happened. The market created a long wick to the upside on the weekly chart, and the market as we speak is heading up to fill the wick and retest the broken structure on the weekly chart to complete the impulse and correction pattern. This can be seen with the ascending wedge as you can see. As soon as the market fills the wick, we could possibly see the market break the wedge to the downside and head down to retest structure on the weekly. As soon as the market breaks the wedge on the 1hr, will be looking for sells. What are your thoughts on this pair?
RESISTANCE 1686 GOLDResistance at 1686, where the main uptrend meets with the secondary downtrend formed and with a resistance that the price had several months ago. Good moment to buy in the long term.
GBPUSD dAILY MARK UP Right now GBpusd is at a key level liquidty zone established back in 2016. looking for price action to either continue bullish trend up, toward key resistence level 1.44500 dating back to orignal low. if we dont get bullish momentum i expect price to head towards trendline and then look for rejection back up towards the major resistence.
LONG OPPORTUNITY FOR EUR/JYReasons-
1) Higher timeframe trend is up.
2) Retail stop hunt.
3) Bullish orderblock.
4) Bullish breakerblock
5) Institutional orderflow.
Kindly trade at your own risk!
Good Luck ^_^
GOLD MAKING A PUSH DOWN?Gold has been in a channel but as you can see the channel is narrowing to the downside, and has tapped the upper trendline. If Gold can break the current support its on, then will be looking for sells to retest the previous low on the green line before a possible growth on Gold. Will be looking for buys if Gold can break the upper trendline. What are your thoughts on this?
