AUDCHF: Trend-Following Opportunity 🇦🇺🇨🇭
AUDCHF is trading in a bearish trend.
After a strong selling wave, the pair was consolidating for 2 weeks
within a narrow range on a daily.
Yesterday, the support of the range was broken.
We see its retest now.
I expect a bearish movement lower.
At least to 0.5636 level.
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Swingtrader
GBPJPY: Bullish Outlook After CPI 🇬🇧🇯🇵
GBPJPY violated a resistance line of a wide horizontal range on a daily yesterday.
The release of the CPI data increases a bullish pressure.
Chances are high that the growth will continue.
Next resistance - 188.28
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DEN Networks for Swing/Positional DEN Networks Prediction for Swing/ Posional Trading
You can enter into trade above Entry level (49) daily close basis . CMP is 47.10 . There is a resistance 48.40-48.70 level. It can again come to 45 level or touch more low.
Strong Supports are shown in the chart.
Targets- 57,71,94,100,…
Intermediate Targets- 51.5,54,60,63,66,69,80,86,92,98,..
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 DEN Networks –
DEN Networks Ltd. is a holding company, which engages in the distribution and promotion of television channels through digital cable distribution network. It operates through the Cable and Broadband segments. The Cable segment includes distribution and promotion of television channels. The Broadband segment offers internet services. The company was founded by Sameer Manchanda on July 10, 2007 and is headquartered in Mumbai, India.
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EURCHF: Time For Correction?! 🇪🇺🇺🇸
After a strong bearish impulse, EURCHF was consolidating for 2 weeks
within a narrow range on a daily.
Yesterday's CPI report triggered a bullish reaction on the pair.
It managed to violate the upper boundary of the range.
I think that the market may start a correctional movement now.
Closest resistance - 0.94
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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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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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