AUDNZD BREAKOUT SETUPPair: AUDNZD
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, trend channel
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Key Takeaway: We are approaching very significant level of support which has been broken previously, due to the strength of NZD it is likely to bring the pair down through it, we need to wait for a close below these levels before we enter
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Level needed: need a close by 1.11266
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Trade: Short
RISK:REWARD 1:8
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Harmonictraders
Lots of bullish arguments happening on the 4 hour chartAfter the bullish run we are not having what seems to be a bullish consolidation happening on the 4 hour. First we have the bull pennant formed. The supply line of that said bull pennant just so happens to be the breakout line of a bullish dragon. When ever dragons appear you more than likely will find a harmonic pattern. In the case of Luna Classic we have a gartley harmonic pattern showing if the dragon and bull pennant breaks to the upside. Also we have a bearish 3 line strike that just appeared on the last candle close. For those that don't know the 3 line strike pattern is a reversal pattern, so a bearish one actually means its going to be a bullish reversal. The RSI and MACD are both showing hidden bullish divergence. Which calls for a continuation to the upside.
BTC BOTTOM at 11,250Bullish shark harmonic pattern, with an AB=CD x 1.618 inside the ABCD leg of the Bullish shark.
The Bullish shark points to 0.886 fib of COVID crash to top (69k) which is 11,250.
The AB=CD x 1.618 of the ABCD legs is also 11,250.
Sorry guys, it aint going any lower than that :))
TP1 = 40k
TP2 = 46.9k
TP3 = 104k
If 47k breaks, i would look to LONG to 104k.
BTC 20,550/20,850 then 18,950BTC has many fibs lining up in the same place - at 20,850. That is the 1.414 of AC, the 1.272 of OC, the Elliot Wave impulse of 2.14, and also this same level 20,850 is the 0.236 fib from 25,188 to current support (19.5k).
It would be a good idea to short this level if it hits. I expect a bounce (or drop) from 20,550 which is the 1.618 impulse from the bottom.
The target of the Short to then flip LONG is 18,950. Then we can continue to trade the channel.
CHFJPY TRIPLE TOP Pair: CHFJPY
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, triple top,
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Key Takeaway: Seen a triple top form at this level of critical resistance, we are also seeing a wick form on the level of high volume telling us price is taking some bearish pressure
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Level needed: need a close by 143.080
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Trade: Short
RISK:REWARD 1:6
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
GBPJPY PENNANT BREAK WEEKLYPair: GBPJPY
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern
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Key Takeaway: Seen break of trend we just need a close below round number and support before we short
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Level needed: need a close by 160.870
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Trade: Short
RISK:REWARD 1:5
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
CADJPY BREAK OF TREND AND RE-TEST Pair: CADJPY
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern
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Key Takeaway:Seen a break of support and trend line, we have just seen a retest of broken trend line using it as resistance, we just need some bearish momentum now before we can short safely
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Level needed: need a close by 105.595
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Trade: Short
RISK:REWARD 1:5
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
EURAUD BUYING OPPURTUNITY Pair: EURAUD
Timeframe: 1H , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern, ascending triangle, consolidation break
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Key Takeaway: Price cannot seem to break this level of support / high volume level and rounded number, we have news at 10AM which will hopefully push the pair off this level with high volatility
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Level needed: need a close by 1.47040
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Trade: Long
RISK:REWARD 1:
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AMAZING GBPNZD SHORT SETUPPair: GBPNZD
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern
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Key Takeaway: Alot of bearish action for GBP in general meaning we are looking for short trades. here we have seen signs of breaking pennant. We now need to see closes below dynamic support / high volume level and rounded number before we can enter
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Level needed: need a close by 1.89440
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Trade: Short
RISK:REWARD 1:7
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION