I'm sharing my setup on GBPAUD with you.
Technically:
A reversal pattern similar to a head and shoulders.
Breakout of the neckline.
Retest of an interesting zone that represents the neckline, the 61.8% Fibonacci retracement level of the last impulse, the 100 and 200 moving averages on the 4-hour chart (H4), and a minor dotted trendline.
Fundamentally:
The UK...
Setup GBPCHF
Technically :
- we can see that the triangle has been broken on the way up
- the buyers managed to break the previous highs (the area I circled)
Fundamentally :
Fundamentally important trade.
- The good news on employment in the UK has stumulated the market and has broken the triangle and the previous highs.
- This morning Switzerland's PPI...
Interesting setup on EURCHF
Technically :
- we can see that the buyers had managed to break the trendline, but they failed on the resistance.
The price is currently on resistance again.
- We can see a nice triple bottom with upward RSI divergence.
A break of resistance with a retest could offer good buying opportunities.
Fundamentally: unlike inflation in...
On this NZDJPY
Technically, we can see a nice hand and shoulder forming, the head of the HAS reacted on an important support.
The price retesting a support zone with a flag shape.
A break of the flag on the upside and of the dotted trendline could open up opportunities to go for the 87.
We can see un bullish divergence on the RSI
Fundamentally, we can see that...
Technically, a return to the trendline, which also represents an old resistance, we can see that the RSI is reaching its oversold zone, which could wake up the buyers. could find buyers for a return to the top of the figure and why not towards 178 if there is momentum.
Fundamentally, even if inflation in the UK starts to ease, it remains relatively high and far...
Confluence for this trade :
Technical :
- H4 trendline broken + retest
- Retest on a swing area and also the MA100 in H4
- the lower price did a nice double bottom with divergence RSI
Fundamentals :
- Last inflation data in Canada was higher than expected. (the inflation broke a 6 months loosing trend)
- On the other hand, in Switzerland, the inflation rate...
