EURJPY: Important Breakout 🇪🇺🇯🇵
EURJPY managed to violate a neckline of an ascending triangle formation
on a daily and closed above that.
It confirms the dominance of the buyers and increases the chances that the market returns to a global bullish trend.
The next goal for buyers will be 161.2
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Swingtrader
AUDCHF: Time to Fall! Here is Why: 🇦🇺🇨🇭
AUDCHF was consolidating for more than 2 months within a wide horizontal range on a daily.
This week, the price managed to violate its support.
It is a very important sign of strength of the bears.
The market will most likely keep falling now.
Next support - 0.5635
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HOLDING UP MY 3 SWING POSITIONSWe are almost done with the first week of the year 2024, and still, my 3 open swing positions are holding up.
Currently, if I close all these 3 positions now, the results will generally GAIN.
I will keep holding this as long as the market does not hit my SL and TSL.
Happy Trading everyone in this Community!!!
USDCHF: Time For Pullback 🇺🇸🇨🇭
USDCHF is going lower.
Ahead, I see an important zone of confluence.
Analyzing a weekly time frame we see a horizontal support around 0.835 level
based on the 8 years low.
The underlined green structure matches perfectly with a completion point
of a harmonic abcd pattern.
I believe we're going to see a pullback soon.
Watch lower time frames and look for a confirmation.
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EURAUD: Important Structure Breakout 🇪🇺 🇦🇺
EURAUD finally managed to violate a solid 1.623 - 1.630 demand zone.
After multiple breakout attempts, the pair closed below that structure.
It now turned into a supply area.
We may expect a bearish movement lower.
Goals: 1.603 / 1.590
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USDJPY: Growth Continues 🇺🇸🇯🇵
We have spotted earlier a bearish trap on USDJPY.
As I predicted, the price nicely recovered.
We see one more bullish pattern now.
The pair formed an ascending triangle formation on a 4H time frame
and successfully violated its horizontal neckline.
The growth will most likely continue.
Goals will be: 144.0 / 144.7
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AUDUSD: Bullish Rally Continues 🇦🇺🇺🇸
As I predicted, AUDUSD perfectly respected the underlined green daily support.
The price formed a high momentum bullish candle after a release of US fundamentals yesterday.
We may anticipate a further growth now to 0.6715 resistance.
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EURGBP: One More Breakout 🇪🇺🇬🇧
As I predicted earlier, EURGBP dropped nicely after a key structure breakout.
It turned out that the price managed to violate one more support.
The pair closed below 0.8650 - 0.8665 area.
The broken structure turned into a key resistance.
We may anticipate a bearish continuation to 0.8625
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AUDCHF: Intraday Bullish Confirmation 🇦🇺🇨🇭
I have spotted earlier, a confirmed breakout of the resistance of a horizontal range
on a daily time frame on AUDCHF.
The market started to grow after a retest of a broken structure.
Analyzing a 4H time frame, we can spot a cup & handle formation.
It is a strong intraday confirmation and we may anticipate a further growth now
to 0.5855
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EURAUD: Very Bearish Trading Setup 🇪🇺 🇦🇺
After a test of a key daily resistance, EURAUD formed a huge double top pattern.
The breakout of a neckline of the pattern is an important bearish confirmation.
We can anticipate a bearish movement to 1.6543 / 1.6489
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USDCHF: Still Bearish Outlook 🇺🇸🇨🇭
USDCHF violated a key daily horizontal demand zone.
The market is trading below the broken structure for several days.
Analysing key levels, the next strong support that I see is 0.878.
It will most likely be the next goal for the sellers.
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Orient Green for Swing/Positional Orient Green Power Prediction for Swing/ Positional Trading
You can enter into trade above Entry level (14.70) daily close basis or after 15.6 safely CMP is 14.35 . There is a resistance 15.10-15.6 level. You take it purely on long positional basis also.
Strong Supports are shown in the chart.
Targets- 16,20,30,40,.. (more will be updated later)
Intermediate Targets- See Chart
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
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Happy trading.
About Orient Green Power –
Orient Green Power Co., Ltd. engages in the production and distribution of renewable energy. It focuses on the development, ownership, and operation of wind energy power plants located in the states of Tamil Nadu and Andhara Pradesh. The company was founded by Thyagarajan Shivaraman in October 2006 and is headquartered in Chennai, India.
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GBPCAD May Go Higher! Here is Why: 🇬🇧🇨🇦
GBPCAD is trading in a bullish trend on a daily since the end of September.
The price set new higher lows, respecting a solid rising trend line.
On Friday, the price set a new higher high higher close, violating a local
daily horizontal resistance.
It signifies a strength of the buyers and a highly probable bullish continuation
to the next strong resistance.
The next structure on focus - 1.699
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EURGBP: Very Bearish Market Opening 🇪🇺🇬🇧
EURGBP formed a very bearish setup on last week:
the price formed a huge rising wedge pattern and successfully violated
its support on Friday.
After the market opening, the price retested a broken support.
We see a strong rejection from that
I believe that the market will go lower.
Next support - 0.8625
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