Forextradingzones
EURUSD PENNANT BREAKPair: EURUSD
Timeframe: 4H, 1H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern breakout, triple touch, high bullish steam
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Key Takeaway: Have broken the top side of this pennant pattern today and area heading up toward dynamic resistance. We are likely to break and push through this level although the possibility of a bounce is also possible
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Level needed: need a close by 0.98230
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Trade: Long
RISK:REWARD 1:8
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GOLD D1 Gold d1 technical anylsis chart .. here we see a short buy oppurtunity in fibo level ... and also he rejected his zone so .. here we see a 400 pips buys
USDCAD BREAK OR BOUNCE? Pair: USDCAD
Timeframe: 4H, 1H
Analysis: Round number level, trend line, volume profile, support and resistance, descending triangle
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Key Takeaway: Mainly bullish for USD but due to strong resistance, this trade could go either way. We are either looking for breaks of resistance trend line or bounce, keep bias open and opinion open for any possibility
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Level needed: need a close by —
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Trade: NEUTRAL
RISK:REWARD —
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EURUSD HEAD AND SHOULDERS SETUPPair: EURUSD
Timeframe: 4H, 1H
Analysis: Round number level, trend line, volume profile, support and resistance, head and shoulders pattern
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Key Takeaway: Overall very bearish for the EUR and this seems like an amazing point to short as we have seen a break of support and a re-test using it as resistance, we will see how we start when the market opens
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Level needed: need a close by 0.97370
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Trade: Short
RISK:REWARD 1:8
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AUDUSD CONSOLIDATION BREAKOUTPair: AUDUSD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, consolidation break
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Key Takeaway: Been ranging for some time now and we finally saw some breaks to the downside toward the end of last week, we are looking for re-tests of this broken level of support before shorting as USD has gained some strength pushing this pair down
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Level needed: need a close by —
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Trade: Short
RISK:REWARD —
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GBPUSD BREAK OR BOUNCE ?Pair: GBPUSD
Timeframe: 4H, 1H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern
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Key Takeaway: Just approached a very significant level of resistance where we have seen alot of consolidation. We could either see a bounce or break, we have to be ready for either move
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Level needed: need a close by —
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Trade: Neutral
RISK:REWARD —
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USDJPY ASCENDING TRIANGLE BREAKOUT?Pair: USDJPY
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle pattern, breakouts
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Key Takeaway: We have seen price consolidating in a ascending triangle manor for the past week and we might finally see a breakout this week. We have been using resistance and high volume profile together and the level is seeming difficult to break, due to upsides of USD we are looking to break these levels and entering long
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Level needed: need a close by 144.965
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Trade: LONG
RISK:REWARD 1:3
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GBPUSD POTENTIAL UPSIDES AFTER THE BREAK?Pair: GBPUSD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern break, ascending triangle pattern
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Key Takeaway: Last week we saw a break of pennant pattern and the pair showed overall strength with BOE attempts in rescuing GBP. We are looking for a break of this next level of resistance and a retest before entering long although price could find is difficult to break this level and we could see downsides, we have to keep our mind open to both possibilities
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Level needed: need a close by 1.12330
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Trade: LONG
RISK:REWARD 1:6
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EURUSD SUPPORT BREAK AND RETEST CYCLE AGAINPair: EURUSD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle pattern, retracement trade (pullback)
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Key Takeaway: The pair has been repeating the same pattern of breaking, re-testing and reversing from significant levels of support for some time and as we can see here we are about to repeat the same pattern again. We are waiting for price to hit these high levels of reaction and then looking for high bearish momentum as confirmation for short entry
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Level needed: need a close by —
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Trade: SHORT
RISK:REWARD —
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AUDUSD CONTINUATION SETUPPair: AUDUSD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, trend channel, pullback, fib levels
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Key Takeaway: Overall bias for the pair is bearish as we have been down trending in this trend channel for weeks now, we could expect to see some sort of pullback to resistance at the start of the week before plummeting back down
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Level needed: need a close by —
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Trade: SHORT
RISK:REWARD —
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Audcad long term possible sell tradeAudcad has been in a pretty downtrend. We will be monitoring price action a possible pullback to the 4hr area of supply at around 0.89500 to sell more. Our first level of take profit(TP) will be 220pips, secon TP will be 490pips and the final TP will be 870pips with 12pips sl which will be giving us 1:76
EURCHF TREND CHANNEL BREAK OR BOUNCE ?Pair: EURCHF
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, trend channel break or bounce
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Key Takeaway: Alot of bullish movement for the pair so we could see break of the trend channel although this momentum could be exhausted and we could bounce and reverse bearish
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Level needed: need a close by —
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Trade: Neutral
RISK:REWARD —
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EURUSD WILL WE BREAK OR BOUNCE ?Pair: EURUSD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, double top?, ascending triangle pattern
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Key Takeaway: Price has reached resistance level and could possibly be forming a double top, if we do we will look for short trades. On the other hand EUR has been showing some signs of bullish steam so we could break, retest and continue bullish from broken resistance
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Level needed: need a close by —
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Trade: Neutral
RISK:REWARD —
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