GBPCAD 4H SwingGC is approaching a very nice 4H Demand Zone. WIll be waiting for zone to be tapped into. I will watch the 15min or 1H to create RSI Divergence for entry.
Swingtrader
MarketBreakdown | EURJPY, EURCHF, GBPCAD, GBPCHF
Hey traders,
here is a brief technical outlook of 4 peculiar instruments on my watch list.
1️⃣ EURJPY - Daily time frame 🇪🇺 🇯🇵
I see the signs of a bullish accumulation:
the price has already set two equal highs and keeps setting higher lows.
I believe that we will see a breakout attempt of a current horizontal resistance.
Daily candle close above that will trigger a bullish trend continuation to new highs.
2️⃣ EURCHF - 3 days time frame 🇪🇺🇨🇭
The pair is approaching a solid horizontal zone of demand.
Be prepared for a breakout attempt.
Its bearish breakout will trigger a bearish continuation to a year's low.
3️⃣ GBPCAD - Daily time frame 🇬🇧🇨🇦
As I predicted, GBPCAD dropped nicely.
The pair formed a double top formation with a lower high.
Its neckline violation signifies a highly probable further decline.
4️⃣ GBPCHF - Monthly time frame 🇬🇧🇨🇭
The pair is currently approaching a wide weekly demand cluster.
Taking into consideration that the market is very oversold, I believe that we will see a pullback from that structure soon.
Look for a confirmation on lower time frames to buy.
❤️If you have any questions, please, ask me in the comment section.
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MarketBreakdown | Dow Jones (US30), BTCUSD, EURGBP, GBPCHF
Hey traders,
here is a brief technical outlook of 4 peculiar instruments on my watch list.
1️⃣ Dow Jones (US30) - Monthly time frame 📈
After a sharp bearish rally, the market reached a solid monthly demand area.
28600 - 30000 is a very important historical zone.
I assume that soon we will see a correctional movement and the index may retrace.
2️⃣ Bitcoin (BTCUSD) - Monthly time frame ₿
It looks like the market finally found a strong support.
The market stopped falling once it reached the high of 2017
and it looks like we will see a correctional move soon.
3️⃣ EURGBP - Daily time frame 🇪🇺🇬🇧
The pair is steadily growing within a rising wedge pattern.
For now, its support serves as the resort for buyers to buy from.
However, wedge pattern by itself is a bearish pattern,
so I am waiting for its breakout to short.
4️⃣ GBPCHF - Monthly time frame 🇬🇧🇨🇭
As I predicted, the pair dropped nicely.
Ahead is a major monthly demand area.
1.16 - 1.1745 is the area from where I will expect a retracement.
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EURAUD Short4H Supply, 15min RSI DIv for the entry. You know the drill, stops outside zone, TP at 4H Demand.
EURJPY 4H ShortEJ has tapped into Supply and we hvae 15min RSI DIv for the entry. You know the drill, stops above zone and TP at Demand.
EURUSD: 2 Structure to Watch Next Week 🇪🇺🇺🇸
Hey traders,
Even though this week was quite bullish for EURUSD,
remember that the market is trading in a bearish trend and we remain bearish biased.
Next week, I will be looking for shorting opportunities from 2 very important areas:
Resistance 1: 1.062 - 1.0655
Resistance 2: 1.074 - 1.079
I will expect a bearish move from one of these zones.
Let the price reach them and then look for a confirmation to sell.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
EURUSD LongEU is approaching a very nice 4H Demand Zone. We will wait for 4H to form RSI Divergence before entering into this trade. Stop will go below the zone.
DAX Index: Be Prepared For a Breakout Trade
What a bearish rally on Dax Index:
for the 4 consecutive days, the market is falling sharply.
Ahead is key horizontal support.
I will be waiting for its bearish breakout to short the index.
Next support will be 12550.
Remember that you need a daily candle close below a blue support to confirm a breakout.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
EURCAD: Important Decision Ahead! Your Plan: 🇪🇺🇨🇦
EURCAD is trading in a long-term bearish trend.
The pair started to consolidate within a horizontal trading range on a daily from the beginning of April.
Now the price is approaching its support.
From a current perspective, I see two potential scenarios:
If the price breaks and closes below the support of the range on a daily,
then a bearish trend continuation will be expected to 1.325
The price may respect the underlined structure.
To catch a pullback from that, watch a falling trend line on a 4H time frame.
If the price breaks that to the upside, I will expect a bullish move at least to 1.35
Wait for a breakout and then follow the market.
What do you expect?
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
DOLLAR INDEX (DXY) Bullish Accumulation Again?! 💵
Price action analysis on dollar index.
Bullish accumulation pattern discussed.
Potential scenarios explained.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
GBPNZD 4H SHortGN has tapped into a very nice Supply Zone and we had beautiful 15min RSI Divergence to confirm the entry.
EURCHF 4H ShortThe 4H has now tapped into Supply. If you go down to 15min you will see RSI Divergence has formed for the entry and this should make a very nice fall down.
GBPJPYGJ has just tapped into a beautiful Daily Supply Zone! This 15min entry is extremely tight, but it meets my plan! Lets see what happens!
EURCAD 4H Swing4H is approaching a beautiful Demand Zone. I will wait for a 4H to close bearish into the zone which will crate 4H RSI Divergence for the entry. Stops will go outside zone.
GBPCAD: Breakout & Bearish Continuation 🇬🇧🇨🇦
GBPCAD is trading in a long-term bearish trend.
The pair started to consolidate within a horizontal trading range in March.
On Friday, the price finally broke its support to the downside and closed below that.
I believe that it may trigger a bearish trend continuation.
Next goal for sellers - 1.555
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
XAUUSD Bullish IdeaIm going for a crazy 1:40 on gold and a 1:20 if that fails. I believe it is bullish and we are going to the higher supply area above 1874.00. Now idk if price will return to any of my demand zones, being it already too the H4 imbalance and tapped into the order block but if so we shall see what happens.
GBPNZD LongGN has tapped into 4H Demand, and lower TF shows RSI Divergence for the entry. Lets get it.
EURAUD LongEA has tapped into recent 4H Demand. You knnow the drill. We found RSI Divergence on the lower TF for entry confirmation, and now we let it ride.
S&P500 (SPX): Bullish Continuation & Growth
Similar to Bitcoin, S&P500 looks very bearish to our team.
This week, the price violated key resistance
and it may trigger a bullish trend continuation.
Next resistance 4290
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CADJPY: Classic Trend-Following Setup 🇨🇦🇯🇵
Hey traders,
CADJPY is trading in a long-term bullish trend.
Reaching a new high the market started a correctional movement.
For more than a month, the pair was steadily falling within a bullish flag pattern.
Yesterday, its resistance was finally broken.
I believe that such a breakout may initiate a bullish trend continuation.
Goals: 102.7 / 104.5
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
GBPCHF: Very Bearish Outlook 🇬🇧🇨🇭
Have you seen that bearish breakout on GBPCHF.
The price broke and closed below a major daily demand area.
I assume that quite soon the pair will drop lower.
Next goal for sellers - 1.1925
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
