Swingsetup
AUDCHF: Important Breakout & Bearish Continuation 🇦🇺🇨🇭
AUDCHF broke and closed below a major horizontal demand zone on a daily.
The broken structure turned into a resistance.
The market will most likely keep falling.
Next support - 0.575
For entries, consider an occasional retest of a broken structure.
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GBPCAD: Waiting For Breakout 🇬🇧🇨🇦
It looks like GBPCAD is preparing for a bullish movement.
Analyzing the 4H time frame, I spotted a bullish flag pattern
and a confrimed breakout of its upper boundary.
The last obstacle for the buyers is the 1.6825 - 1.6850 resistance on a daily.
If bulls break and close above that, it will be an important bullish clue.
A bullish continuation will follow then at least to 1.692
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FADE THE POP on news. Tesla to the ground!NASDAQ:TSLA pops after hour on news, running up to as high as $246: "General Motors will follow crosstown rival Ford Motor in partnering with Tesla to use the electric vehicle leader’s North American charging network and technologies."
We often see stocks pop on news, which gives us a chance to fade the selloff. Beware, just as you should not try to catch a falling knife, you should not try to hold down a rocket ship. That's why I give a short time to declare itself.
NASDAQ:TSLA is pushing into the daily supply between $227-$237 from back in 11/2022. If buyers cannot hold, we have a long way down for the rest of the year with good risk to reward.
Buy time. An early entry is below $233.44 which is proven support/resistance and a sure confirmation of seller strength is a daily hold below $228.36
FMGOETZE Swing Trade SetupThis will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
Swing Trade.
FMGOETZE Broke almost 2 and half year resistance with good volume support and marubozu like candle (with very little wicks) on weekly time frame.
CMP: 368.45
Nearby Resistance is at 410.
Nearby Support is at 315 (Stop loss) also.
Targets will be:
1st Resistance Level where i will book half. (410)
2nd Resistance level 462.
GBPUSD: Important Breakout 🇬🇧🇺🇸
GBPUSD formed a high momentum bullish candle on a daily time frame yesterday.
That candle closed above a key horizontal resistance.
The broken structure and a major rising trend line now compose a contracting demand zone
- the area from where the next bullish movement will initiate.
Next resistance - 1.263
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EURUSD I Weekly forecast and swing trade opportunityWelcome back! Let me know your thoughts in the comments!
** EURUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURAUD: Swing Long Setup Explained 🇪🇺 🇦🇺
EURAUD is trading in a long-term bullish trend on a daily.
After a correctional movement, the price formed a double bottom pattern with a higher low.
Its neckline went broken yesterday.
I expect a bullish trend continuation.
Goals: 1.66 / 1.671
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EURAUD I 100 pip swing coming soon I Watch and prepare 🎯Welcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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CADJPY: Classic Bullish Accumulation 🇨🇦🇯🇵
CADJPY is trading in a bullish trend on a daily.
The price has formed an ascending triangle formation respecting 101.8 resistance.
I believe that the next trend-following movement will initiate after a bullish breakout of the underlined blue area.
Daily candle close above will confirm a violation.
A bullish continuation will be expected to 103.0 level then.
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GBPJPY May Keep Growing! Here is Why: 🇬🇧🇯🇵
GBPJPY is trading in a bullish trend on a daily, perfectly respecting the boundaries of a rising parallel channel.
For some time, the price was respecting a wide horizontal supply area within the channel.
It was finally broken this week.
I believe that it may trigger a bullish continuation on the pair.
Next goal for buyers will be 168.7
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AUDNZD: Classic Breakout & Bullish Outlook 🇦🇺🇳🇿
AUDNZD broke and closed above a key horizontal supply area on a daily.
1.077 - 1.081 resistance turned into a demand zone now.
It looks like we see its retest soon.
A bullish impulse will be expected to 1.087 level then.
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CHFJPY: Bullish Continuation Pattern 🇨🇭🇯🇵
CHFJPY is trading in a minor bullish trend on a daily.
The price was accumulating for 3 weeks within an ascending triangle formation.
Its resistance was broken on Friday, we see its retest now.
I expect a bullish continuation to 148.3
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CADJPY: Classic Trend-Following Setup 🇨🇦🇯🇵
CADJPY broke and closed below a support line of a bearish flag pattern.
Taking into consideration, that the pair is trading in a bearish trend,
that violation may trigger a sell off.
I expect a bearish continuation to 97.05 / 96.1
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