Swingtrader
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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Dollar Index (DXY): Bad NFP & Bearish Outlook Explained 💵
It turned out that we got very bad NFP release, yesterday.
Dollar Index immediately reacted, and the market formed a huge bearish candle on a daily.
With one single candle, the Index successful broken a support of a wide horizontal range.
It is a sign of a confirmed bearish reversal.
The index will most likely drop to 104.5 support soon.
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Dollar Index (DXY) Under a Bearish Pressure 💵
Dollar Index keeps falling from a solid horizontal intraday resistance,
as I predicted earlier.
As an extra bearish signal, we can spot a confirmed breakout
of a neckline of a descending triangle formation, with a strong bearish
reaction to that after its retest.
The index may keep going lower.
Next support: 105.65
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EURUSD: Your Trading Plan For Next Week Explained 🇪🇺🇺🇸
EURUSD is trading in a long-term bearish trend.
After the price set a new lower low at the beginning of October,
the market started a correctional movement within a bearish flag pattern.
Closely monitor a support of the flag next week,
its violation - a daily candle close below, will be a strong bearish signal.
A bearish continuation will be anticipated then to 1.051 / 1.047
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USDJPY Ahead of Powell Speech 🇺🇸🇯🇵
USDJPY is trading within an ascending triangle formation on a daily.
Taking into consideration that the market is trading in a bullish trend,
probabilities will be high that we will see one more bullish wave.
Your confirmation will be a bullish breakout of the horizontal resistance of a triangle -
daily candle close above 150.15.
A bullish movement will be anticipated to 150.5 level then.
Alternatively, a bearish breakout of the trend line of a triangle will be a strong bearish signal.
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USDJPY: Bullish Wave is Coming?! Again?🇺🇸🇯🇵
USDJPY is trading in a long-term bullish trend.
The pair is currently accumulating around 150.2 resistance.
I see a completed ascending triangle formation.
Bullish breakout of its horizontal neckline - daily candle close above
will be a strong bullish signal.
A bullish continuation will be anticipated to 151.5 level then.
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EURCHF: Important Bearish Breakout 🇪🇺🇨🇭
With one single bearish candle, EURCHF successfully violated 2
important daily structures: a horizontal support and a rising trend line.
The broken structures compose an expanding sell zone now.
I will anticipate a bearish movement from that at least to 0.946
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