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NZDCAD: Potential Swing Trade Explained 🇳🇿🇨🇦 Hey traders, NZDCAD is trading in a long-term bearish trend. Lower highs are perfectly respecting a major falling trend line on a weekly. After the last strong bearish wave, the price reached that again. On that, we see a descending triangle formation on a daily time frame. To catch a bearish swing wait for a daily candle close below its support to confirm a breakout. Then shorting on a retest we will expect a bearish move to 0.853 / 0.843 levels. If the price respects a yellow support and breaks a trend line to the upside, the setup will be invalid. ❤️Please, support this idea with like and comment!❤️
Short
by VasilyTrader
25
AUDNZD: Bearish Wave is Coming 🇦🇺🇳🇿 Even though AUDNZD remains very bullish since the end of the last year, the market is approaching a major falling trend line on a monthly time frame at the moment. Taking into consideration how the market reacted to that trend line in the past, chances will be high to see a bearish move from that. To sell with a confirmation, on focus is a rising wedge pattern on a daily time frame. Daily candle close below its support will trigger a bearish move at least to 1.077 If the price breaks the trend line to the upside though, a bullish movement will be expected. ❤️Please, support this idea with like and comment!❤️
Short
by VasilyTrader
11
USDCHF Long term trendGiven the clear 3 level drop on the monthly chart and the level 3 consolidation visible on the monthly chart, this pair is rising on a long term perspective. As such, I have noted areas of interest for entries and profit taking. Following the structure, entering quarterly peak lows and holding (quarterly swings) while maximizing on the weekly cycle in relation to the long term cycle will result in exponential profit potential. Execute trades in line with this cycle as best as possible
Long
by Serene_Quantum
MarketBreakdown | Dollar Index, USDJPY, USDCAD, AUDUSD Hey traders, here is a brief technical outlook of 4 peculiar instruments on my watch list. 1️⃣ Dollar Index (DXY) - Daily time frame 💵 The index is trading in a strong bullish trend. Since the beginning of March, the market started to consolidate within a horizontal trading range. Its bullish breakout will trigger the next strong bullish wave while its bearish violation will lead to an initiation of a correctional movement. Also, while the market is consolidating, consider range trading selling from resistance and buying from support. 2️⃣ USDJPY - Monthly time frame 🇺🇸🇯🇵 The pair is approaching 6 years' high. Chances will be high that the price will start a correctional movement from that structure. Wait for confirmation to short. 3️⃣ USDCAD - Weekly time frame 🇺🇸🇨🇦 The market broke and closed below a major rising trend line on a weekly. It is a very strong bearish clue and now the pair can drop lower. Bias is very bearish and I am looking for shorting opportunities on a retest of a broken trend line. 4️⃣ AUDUSD - Weekly time frame 🇦🇺 🇺🇸 The pair is approaching a strong weekly structure resistance. I am expecting a pullback from that structure. Wait for confirmation on lower time frames to short. ❤️Please, support this idea with a like and comment!❤️
TVC:DXYShort
by VasilyTrader
9
GOLD - Bullish Trend About To ResumeAfter reaching near all-time high at $2070, gold has felt about $120 in just a couple of days. It is a fast downward correction which has shaked out many weak hands. However the daily trend remains bullish overall. Gold is currently back to the trend line where it started its bull-run from $1780. Unless this trend line is broken, it should provide strong support for gold. Note that after making the first high at $1975, gold retraced roughly 61.8% back to the trend line before resuming its uptrend. After making the second high at $2070, gold now has retraced 61.8% to 1950 and back to the trend line again. The downward correction looks like a falling wedge pattern which usually leads to quite a bullish reversal when price gets really compressed to the end of the wedge. Our strategy: Buy-area should be around $1940-$1950 with stop loss under $1920 First target $2000. Second target $2050-$2075.
TVC:GOLDLong
by GOLDTREND-NET
1
USDJPY: Yen, When Will You Stop 🇺🇸🇯🇵 USDJPY is unstoppable. The pair is growing sharply from the beginning of the year. Here are two important historical points for you to watch. 118.2 - 118.8 is a 6 years' high. The price is currently approaching that structure and with a high probability, we will see a pullback from that. Trading against the trend you should wait for a decent confirmation before you short. 125.1 - 126.0 is a 20 years' high. In case the 6 years' high is broken that will be the next long-term goal for buyers. Good luck! ❤️Please, support this idea with like and comment!❤️
by VasilyTrader
63
EUR/AUD BUY SIGNALHey tradomaniacs, welcome to another free trading-setup! Notice: Keep your risk low due to the current tension in the market. EUR/AUD: Day-Swingtrade-Execution Market-Buy-Order: 1.59345 Stop-Loss: 1.58810 Point of Risk-Reduction: 1.59895 Take-Profit: 1.61560 Stop-Loss: 55 pips Risk: 0,5% -1% Risk-Reward: 4,0 Always add your brokers spread to the stop-loss! LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Long
by Trading2ez
$RBLX - Stuck Between a Rock and a Hard Place$RBLX is stuck between a rock and a hard place here, with the trade favoring the downside. We're coming up on an overhead resistance at 64.5, while also running into heavy trendline resistance established all the way back in November. I personally think we reject and visit 60 this week, though there's also a possibility of a double breakout which could lead us up to 70, and then 77. Breakout is validated above both trendline supply, and general 64.5 resistance.
NYSE:RBLX
by FluxTrades