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Rejection

GBPCHF top-down analysison DAILY: GBPCHF is sitting around a strong support zone in red so we will be looking for objective buy setups on lower timeframes. Unless price breaks aggressively below our red zone, then a bearish movement till the all-time-low would be expected. on H1: price formed an objective trendline in blue, and we have an inverse head and shoulders forming. we are waiting for the right shoulder to form and then buy after a candle close above our neckline. or we are waiting for an objective break above our blue trendline to buy. we also have divergence on MACD adding more confluence to our buy setup. meanwhile, this pair is overall bearish.
Long
by TheSignalyst
GBPJPY short tradeGood morning, GBPJPY rejected 132.00 , so now we are looking for short opportunities. i´m waiting for a clear confirmation pattern, I would like to see a retest of 132.00 before opening short, all the way down to 130.00/129.00/128.00; closing 1/3 lot size on each TP This is my first published analysis, so thank you for spending you time on me “Instead of wondering when your next vacation is, maybe you should set up a life you don't need to escape from.” Seth Godin
Short
by samu_pr
BITCOIN UPDATEas expected, price rejected our round number 10.00 and resistance/supply zone in blue. then price found support around our lower red trendline forming a new swing around it, so our red trendline is now valid and we are waiting for an objective break below it to sell Bitcoin long-term. meanwhile, price is retesting our 10.00 level again so we will be looking for objective sell setups on lower timeframes. unless price breaks aggressively above our 10.0 and 11.0 levels (zone) then we will be looking for objective buy setups on lower timeframes on its retest.
BITSTAMP:BTCUSD
by TheSignalyst
2
CADCHF - Trading the rangeCADCHF is currently at the top of a sideways trend. We already had a good reaction by sellers, with a big candlestick showing a strong upper shadow right on the level of resistance. As usual, in ranging markets I prefer using oscillators instead of trending indicators. In this case, I use the MACD, that is a momentum indicator that here clearly shows how buyers are losing momentum. You can learn more about the MACD here: www.youtube.com Risk to reward ratio is almost 1:3, so good luck :)
Short
by FedericoSellitti
3
GBPJPY potential buy setup formingOn Daily: price is currently sitting around support 130.0 so we will be looking for objective buy setups on lower timeframes. Unless price breaks our support downward aggressively, then a movement till 125.0 would be expected and we will be looking for objective sell setups on 130.0 retest. On M30: price is currently trading inside our red channel (not objective yet). we are waiting for a third swing to form around our upper red trendline for it to be valid and then enter on its break upward. our entry would be above the last swing that forms around the red for extra confirmation (not the trendline break) we also have divergence forming on MACD adding more confluence to our buy setup.
Long
by TheSignalyst
EURUSD - Breakout of the up-channel?EUR/USD offers a great opportunity to trade a beautiful candle showing a rejection in the upper part of the up-channel. Short-term trend is up and it is well represented by the chart pattern that we are studying, but long term trend is not so clear, in my opinion. Fundamentals are against EUR, recently. The setup of the moving average also slighlty prefers short positions. With this risk to reward ratio, it is definitely worth a try. Also, you can consider to have a first take profit at the bottom of the channel, while a second take profit as shown in the analysis, trading the breakout.
Short
by FedericoSellitti
6