NZD CAD ShortTrend: Bearish
Structure: Support and Resistance zone
Plan: We look for price to respect the resistance zone and make a move back down to either the 0.5 or 0.618 Fibonacci level.
Popular
EURNZD SetupTrend: Bullish
Structure: Wedge / Support and Resistance
Plan: There are multiple ways to view this trade and I would wait for a definitive move either way before entering.
We can either wait for price to break to the downside out of the wedge then trade it as a parallel channel
or we can expect price to bounce of the lower trend line and continue the wedge pattern to upper resistance at this point we then look for a breakout to the upside and a continuation.
CADJPY Long SetupTrend: Bullish
Structure: Parallel Channel & Support and Resistance
Plan: We identify a parallel channel and a buy zone, we look for either price to respect lower channel line and bounce to previous high or fall further to the buy zone then move up.
We need CCI and RSI confirmation people entry.
EURCAD Short SetupTrend: Bearish
Structure: Support and resistance
Plan: We look for price to reject the resistance zone as seen on the chart.
We await CCI and MACD confirmation before entering.
CHFJPY ShortTrend: Bearish
Structure: Support and resistance also parallel channel
Plan: we look for price to bounce off the upper resistance band and move back down to previous support
GBPNZD Long SetupTrend: Bullish
Structure: Support and resistance + technical analysis
Plan: We look for price to respect the support level it is currently trading at.
Once it respects we look for CCI and MACD confirmation being entering the market
EURNZD Long SetupTrend: Bullish (short term)
Structure: support and resistance
Plan: We've seen an MA crossover and price pull back to the highlighted resistance level.
We expect it to fall slightly further then upon exit on the upside of resistance level we look to take a long
AUDNZD LongTrend: Bullish
Structure: Support and Resistance zone
Plan: We have identified a resistance zone, we look for price to fall back into the zone (which it almost has) then upon breakout to the up side take a long.
GBPUSD Short SetupTrend: Bearish
Structure: Parallel Channel, also support and resistance
Plan: We expect price to hit upper parallel channel line and fall to previous low.
We have MACD confirmation and exit on ADX down turn.
AUDJPY Short SetupTrend: Bullish (ranging on 1hr)
Structure: Head and Shoulders with Bearish Divergence on the MACD
wedge play also possible
Plan:
We identify a head and shoulders pattern on the 4hr timeframe, however this could also be seen as a wedge.
However taking the head and shoulders we have extra confirmation by bearish divergence on the MACD
ideally we would wait until neckline has been broken before entering the trade
CADJPY Long SetupTrend: Bullish
Structure: Support and resistance
Plan: Price is currently trading within the expected support zone.
We look for price to show a break and continue to previous highs
GBPNZD Long SetupTrend: Bullish
Structure: Support and resistance
Plan:
We've seen price pull back and retest support. We now expect price to rise to previous high, please get entry on pullback to avoid a bad Risk to Reward ratio
EURUAD Short SetupTrend: Bearish, price under moving average
Structure: Pullback
Plan: Test support and resistance level then short to previous low, await MACD confirmation
AUDCAD ShortTrend: Bearish
Structure: Parallel channel
Plan: we look for price to respect upper trend and continue its bearish move towards previous low, represented here by the lower green line.
CHFJPY Short TradeTrend: bearish
Structure: Breakout/ support & resistance trade
Plan:
We look for price to rebound of previous low (support level) or confirm the breakout of trend then move down to prior lows.
looking at the chart currently it is looking like price will bounce off support and moving average and continue to move down now.
CHF JPY Buy SetupTrend: Bullish
Structure: Rising triangle / Trend analysis
Plan: we look for price to respect lower trend line before moving up to previous high.
We also await macd confirmation before taking a long
USD CHF Buy SetupTrend: Bullish/ Ranging
Structure: Support and resistance
plan: We look for price to bounce off of previous low / support level and move back to previous highs (upper green line)
We need price to confirm the respect of support as it could quite easily break out to the downside.
Will update trade once/if it confirms.
EURCHF Short SetupTrend: Bearish, shown by moving average
Structure: Parallel channel (descending)
Plan: we look for price to pull back slightly before continuing to fall inside the parallel channel, TP set at previous low
USDJPY Long SetupTrend: Bullish
Structure: Support and resistance
Plan: we look for USDJPY to break out of the points of multiple resistance, then we look for a retest and continuation of bullish trend, we are not interested in taking a short in a pair which has been bullish for some time
