Harmonicforex
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.07962
TP: 1.05393
SL: 1.10451
Bias: Short
The current price action that we see from this instrument is showing a selling bias. The macro and micro trends and their studies have shown that the pair has a deep inclination for trending downward if we consider the recent price context. Our studies of different time frames and different types of support and resistance studies also signify a major inclination towards selling side. That is why we have decided to choose our current set up.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.08355
TP: 1.05201
SL: 1.10157
Bias: Short
The strength of dollar is remarkable . The stand of dollar against all other currencies is already established as a major driver of price difference. If we consider the current price context, the dollar related pairs will drop significantly as opposed to the strength of dollar. The most critical bias factor for price patterns in different pairs is the strength or position of dollar itself.
USDJPY ON THE RISE AS ITS ATTEMPT TO LIGHTEN CURRENCY FAILEDPair: USDJPY
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle, fakeout?
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Key Takeaway: Seen a break of trend line last week but you have to remember this was only due to JPY's attempt in aiding the currency, the bearish spike did not last long and is already back on the rise. Looking for breaks of high volume and resistance before we enter
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Level needed: need a close by —
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Trade: LONG
RISK:REWARD —
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
USDCHF RESISTANCE BREAKOUT?Pair: USDCHF
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle
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Key Takeaway: Alot of bullish momentum for this pair meaning we will be looking for long trades only. Huge bullish candles have formed which leads us to believe that this major level of resistance above will be broken. We might see a retest of trend or we could just push straight up from market open
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Level needed: need a close by —
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Trade: LONG
RISK:REWARD —
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
AUDUSD TREND CHANNEL BREAK AND RETESTPair: AUDUSD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, trend channel break, retest of vital areas
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Key Takeaway: Alot of bullish momentum for USD which has caused this pair to show alot of downward momentum. We have already seen a break and caught some pips from this on Friday, will be looking for retest of round number levels / broken support as resistance
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Level needed: need a close by —
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Trade: SHORT
RISK:REWARD —
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
AUDCAD POSSIBLE PENNANT BREAK?Pair: AUDCAD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern break
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Key Takeaway: Price is seeing a lot of bullish pressure and we have just seen a break of a major resistance trend line, we are waiting for a close above dynamic resistance as price could be producing a fake out which we have to be careful of
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Level needed: need a close by 0.89600
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Trade: LONG
RISK:REWARD 1:7
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
AUDUSD > Possible Support Near 0.6600, Might Rally from HereAnalysis of #AUDUSD
The AUDUSD found some support just at 0.6600 at its trendline support, I am watching to see if I can get a reversal pattern with confirmation we are turning bullish at this level.
it is not a good idea to be selling dollars right now, we need to be extra careful choosing an entry, and if I get confirmation that buyers are stepping in, and buying this market I will look to enter a buy trade targeting the next level of resistance
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AUDJPY ASCENDING TRIANGLE BREAKPair: AUDJPY
Timeframe: 1D
Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle, double bottom
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Key Takeaway: Price has already broken price to the upside of the ascending triangle and come back down for a re-test. We have also seen that a double bottom has formed indicating strength of the resistance turned support level.
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Level needed: need a close by 96.000
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Trade: LONG
RISK:REWARD 1:6
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
USDCAD HEAD AND SHOULDERS DROP Pair: USDCAD
Timeframe: 1H , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, head and shoulder pattern
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Key Takeaway: USD is dropping significantly today and we are going to squeeze gains out of this retracement. Bounced very nicely off resistance on the right hand shoulder and seeing great bearish pressure now
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Level needed: need a close by 1.32775
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Trade: Short
RISK:REWARD 1:3
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
NZDUSD POSSIBLE TREND CHANNEL BREAK?Pair: NZDUSD
Timeframe: 1H , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, trend channel break
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Key Takeaway: Price has stuck to this hugely ranged trend channel for quite sometime and it is possible we could in fact see breaks. We need to see closes and re-tests below this level of support before we can enter, always remember that we could very well indeed see a bounce upward, always keep your mind open to every possibility :)
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Level needed: need a close by 0.59230
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Trade: Short
RISK:REWARD 1:6
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
JPYUSD ShortTime Frame: 4H
Symbol: JPYUSD
Entry: 0.006974
TP: 0.006848
SL: 0.007072
Bias: Short
For this instrument our core bias is short as we see the strength of dollar prevails over the strength of this currency. The study of support and resistance also show a positive expectation for shorting opportunity.
CADJPY HUGE RETRACEMENT BOUNCE Pair: CADJPY
Timeframe: 1H , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle, bounce off key levels
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Key Takeaway: Seen a big retracement for the pair of the past couple of weeks down to a critical level that has now been touched, we are looking for a big swing of bullish momentum before signs for entry can be found. We have stalled and are consolidation when high volume level and support level has been touched and also hit key fib levels.
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Level needed: need a close by —
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Trade: Long
RISK:REWARD —
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.13786
TP: 1.12195
SL: 1.14964
Bias: Short
As we study the recent price action of this instrument, our core hypothetical stand point goes in favor of shorting the pair. The bias is explicitly bearish and we can safely avail a selling opportunity from the current price pattern.
EURUSD ShortTime Frame: 4H
Symbol: EURUSD
Entry: 0.99793
TP: 0.98345
SL: 1.00748
Bias: Short
The current price pattern of this instrument is displaying a short bias and the recent price fluctuations is more or less showing a bearish tendency and therefore we can anticipate a short opportunity set up.
USDCHF ShortTime Frame: 4H
Symbol: USDCHF
Entry: 0.96654
TP: 0.95484
SL: 0.97805
Bias: Short
The price pattern is displaying a bearish bias . If we consider the current price actions and the current dynamic trends at macro or micro level, one specific pattern is obvious and that is the upcoming selling opportunity. Considering the sentiment and overall directional bias , we can go for a short set up.
XAUUSD > Gold Might Continue Down to Test 1600Analysis of #XAUUSD
The Gold has broken its long-term support level near 1680, now we can expect this level to be a strong resistance which the market is not going to be able to close above in the short term.
as you can see the market completed 3 waves down and is now in the process of completing the last wave which might be completed near 1600.00.
I am only looking to short this market or avoid it this week, as we are going to have FED rated decision
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GBPJPY > Possible Buy Entry Ahead of BOE Rate Decision Analysis of #GBPJPY
The GBPJPY is still trading in between this support and resistance level as laid out on my chart, we can look for a conservative buy entry if the market comes down to test support zone near 160.00 sharp
keep in mind, that the BOE will deliver the official bank rate on sept-22, be careful
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Thanks for your continued support!