AUDUSD Sell set up - Daily - AU has been on a downtrend since Feb 2018. The market is now approaching the resistance line. Looking for rejection of the resistance trend line and to make its move down resulting in a 220 pip trade. 4hr - On 4hr AU has found resistance at 0.070470. From that market is created a triple top. Daily resistance trend line is just 6...
CADJPY buy set up - The market has formed a teacup on 4hr TF since 17th April and up close a W is forming . Anticipating a move to the upside from resistance trendline break resulting in a 1 15 pips move . For CJ to continue rising it must break the resistance trend line .
EURGBP SELL SET UP - EG has been on a huge bullish move since May with no sign of slow down. Now the market is reaching a v ery strong resistance zone that has in the past held up very well and pushed the market down. Sell zone is 20 pips , so within that zone looking for possibles wicks entering that zone. Followed by a rejection in that zone. If the...
EURUSD 4hr sell set up - Potential Head & shoulders formation on 4hr chart. The market is still pretty far from the formation but a heads up to trades to look out for this. Will keep you guys updated when EU reaches closer.
BTCUSD We could see a rally up to $12,800 for BULLS. If bears stop BTC from gaining, then we could see BTC to slip down to $7500. (Idea purposes only chart. DO NOT TRADE)
GBPUSD - BUY SET UP DAILY CHART The market is reaching the buy zone on a Daily Timeframe . * 3 zones meet together which does make that area a good buy. *Downtrend support line, Uptrend support line and Daily support line meet in the buy box. *Other Support zones could be found below the trend line but can be used as a new entry point, if the market fails to...
GBPUSD buy set up - On 4hr timeframe the market has now formed an inverse Head & shoulders. Shoulders have formed around the 4hr support of 1.26800 and the head has formed of the Daily support of 1.25100. Short term - TP 1 - 180 pips Long term - TP 2 - 600 pips NFP is this week, trade smart!
GBPCAD Buy set up - The market has been in the downward channel since 6th June. Rejection of Support trend line followed by the 3 green candles have indicated a buy up to the resistance trendline. One key factor to look for is if the market does find support of the Daily support 1.65950 If not then the market will drop to Support trend line giving an...
GOLD sell set up - Pretty straight forward set up and with great detail. Sell from sell zone down to target zone. LARGE swing trade this is, that could last weeks or months. At the same time, accumulating around 2500 pips. Any questions drop a comment :)
EURUSD sell - 4hr timeframe Resistance zone meets with resistance trend line. TP 1 is the first support trend line. TP 2 is the second support trend line.
Expecting bulls to keep the heavy bullish momentum going into this week. Target - $1370 for bulls.
EURAUD Sell set up. 4hr TF Rejection of 4hr resistance zone. Aiming for around 165pips from this trade which the TP is the Support trend line.
GOLD - Gold set to pullback to buy zone between $1302 - $1308. Within the buy zone, the market would have completed the teacup handle which is a good indicator for a buy. After the slight consolidation around the buy zone. Bulls will take Gold creating new higher highs. FULL BREAKDOWN VIDEO OF THIS ANALYSIS IS ON MY FREE TELEGRAM CHANNEL @FreedomTraders1
GOLD on a MASSIVE up trend looking to reach 1340+ On a daily time frame, GOLD looks set to reach the stars (1340). Whenever the level 1320-1322 has been breached and the candle closes above those levels GOLD has always reached 1340+. Likewise with 1340, If GOLD breaks through then we reach major resistance between 1348 and 1355.
GOLD set up - Head & shoulder formed on a 4hr chart. Sell from level 1280 down to 1273 to complete the right shoulder.
USDJPY buy set up daily Entry from support trend line up to resistance trend line. Support has held up very well since March 2018. The market has respected the Support trend line with numerous touches allowing the market to reverse trend. As the market is reaching the end of the triangle, we're looking at UJ to push above levels 111.500
GBPCAD buy set up daily TF. Buy for support trend line up to resistance trend line. The support trend line has held up very well since September 2017 with many touches across it. As GC is volatile i would recommend having a 3TP option available.
AUDUSD buy set up - Market currently on a down trend on a Daily and 4hr time frame. However on 4hr market shape has indicated a falling wedge. Which is a sign of a potential reversal coming up. Looking at the market to break out from 4hr resistance trend line and to go up to Dialy resistance. However if that fails the next reversal will be at daily support of...