GBPAUD: Classic Trend-Following 🇬🇧🇦🇺
GBPAUD formed a double top trading within a peculiar confluence zone on an hourly time frame.
That zone is based on an intersection between a falling trend line and a horizontal supply area.
I believe that the pair may drop at least to 1.6939 level.
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Priceactiontrading
EURCHF: Bearish Trend Continuation 🇪🇺🇨🇭
Hey traders,
EURCHF is trading in a global bearish trend.
Lower highs are perfectly respecting a falling trend line on a daily.
Approaching that earlier this week, the price formed a double top formation.
The pair broke and closed below its neckline then.
I believe that the market will keep falling now.
Goal - 0.957
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GBPCHF: Great Shorting Opportunity Explained 🇬🇧🇨🇭
GBPCHF is coiling around a solid intraday structure resistance.
The price was trading for some time within a horizontal range.
Just a couple of minutes ago, the pair broke and closed below the support of the range.
We see its retest now.
I believe that the pair will drop.
Goals: 1.13513 / 1.132
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AUDCHF: Bullish Continuation Pattern 🇦🇺🇨🇭
AUDCHF has recently dropped to a key daily structure support.
The price formed a double bottom on that on a 4H time frame.
I expect a bullish move now to 0.6668 / 0.67
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DOLLAR INDEX (DXY) Classic Bullish Setup 💵
Dollar index broke and closed above a major supply cluster on Friday.
I believe that the index will keep growing this week.
Next goal - 109.0
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GBPNZD: Bearish Outlook 🇬🇧🇳🇿
GBPNZD is coiling around a peculiar intraday zone of confluence:
we see a perfect match between a horizontal demand area and 618 retracement of the last bearish impulse.
I expect a bearish move to 1.899 / 1.881 levels from that.
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EURCHF: Trend-Following Setup🇪🇺🇨🇭
EURCHF reached a nice confluence zone yesterday.
We see a perfect match between a horizontal structure resistance and a major falling trend line.
As a confirmation, the price formed a double top formation on 4H time frame and broke its neckline.
I expect a bearish continuation to 0.9642 / 0.962
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NZDCAD ASCENDING TRIANGLE BREAKOUT?Pair: NZDCAD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle,
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Key Takeaway: Need a break of trend level, already broken vital volume level
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Level needed: need a close by 0.80780
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Trade: Short
RISK:REWARD 1:9
SL: 19
TP: 170
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
BITCOIN (BTCUSD): Bullish Continuation ₿
Bitcoin is taking off from a major rising trend line.
The price broke a resistance line of a falling parallel channel after its test
and heading towards 24700 / 25000 structures now.
Consider an occasional retest for entries.
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NZDCHF: Trading Plan For Today 🇳🇿🇨🇭
NZDCHF reached a key daily supply area last week.
After coiling for some time on that, the price formed a double top formation on a 4H
and broke its neckline then.
I expect a bearish continuation to 0.603 / 0.6 now.
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Learn How to Trade Double Top Formation | Full Guide 📚
Your ultimate guide for double top pattern trading.
Entry selection / stop placement / target selection explained.
Meaning of the pattern and identification rules.
Important tips & real market exampe.
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AUDUSD: Bullish Continuation 🇦🇺🇺🇸
AUDUSD reached a solid horizontal support last week.
The market bounced nicely from that and managed to break and close above a resistance line of a falling wedge pattern on 4H.
I believe that the pair will keep growing at least to 0.7034.
For entries, consider an occasional retest!
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NZDJPY: Key Structure Ahead! Your Plan: 🇳🇿🇯🇵
NZDJPY is approaching an important zone of confluence on a daily.
We see a perfect match between a horizontal structure resistance and 618 retracement of the last bearish impulse.
To catch a bearish move from the underlined zone, watch a rising wedge pattern on 1H time frame.
Your trigger to short will be its bearish breakout (at least an hourly candle close below its support).
Then a bearish continuation will be expected to 84.2 level.
Alternatively, a bullish breakout of the underlined area will push the market to higher structure levels.
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EURCHF: Bullish Move From Key Level 🇪🇺🇨🇭
EURCHF reached a key monthly structure support last week.
Analyzing lower time frames, I spotted an inverted head and shoulders pattern on 4H time frame
and confirmed bullish breakout of a falling parallel channel.
I believe that the pair will bounce soon.
Goals: 0.9785 / 0.9816
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AUDNZD: Pullback From Key Level 🇦🇺🇳🇿
AUDNZD is coiling around a key horizontal support.
The price formed a double bottom on that and broke and neckline then.
I expect a pullback to 1.1127 / 1.1145 levels.
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GBPUSD: Classic Bearish Setup 🇬🇧🇺🇸
GBPUSD is trading in a rising wedge pattern on 4H.
The price reached its resistance yesterday.
Analyzing the reaction of the price to that on 1H time frame, I spotted a triple top formation
and a confirmed neckline breakout.
I believe that the pair will drop now.
Goals: 1.20915 / 1.2045
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NZDCHF: Bearish Move From Key Level 🇳🇿🇨🇭
NZDCHF reached a key structure resistance last week.
The market was rejected nicely from that and broke a support line of a rising wedge pattern then.
I believe that the pair will keep falling.
Initial target - 0.596
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XAUUSD: Beginning of The Week Analysis | 07/24/22Last week, Gold visited the lows of 2021. There are a few levels that Gold has not retested due to the strong bearish momentum. We may see Gold revisiting the highs charted previously. Of course, we will have to be closely monitored this with moderate risk on the table since this forecast is against the overall momentum.
GBPUSD: What to Look at This Week 🇬🇧🇺🇸
Take a look, what I spotted on GBPUSD:
the pair formed an inverted head and shoulders pattern on 12H time frame.
1.2035 - 1.209 is its neckline. If the price breaks and closes above that,
I will expect a bullish move at least to 1.217 structure.
However, remember that a global trend in bearish.
Zooming in the same chart, we can spot a horizontal consolidation range.
1.189 - 1.194 is its support. If the price breaks and closes below that,
a bearish move will be expected to 1.18 support.
Wait for a breakout as your confirmation here.
What do you expect?
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