USDCAD Bearish Setup (Target Range 400 Pips)Pair Name : USDCAD
TimeFrame : 4Hrs
Direction : Short
Type : Swing
Target Range : 400 Pips
Bearish Break : 1.25800
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Neat and clean chart with clear setup, no junk on chart.
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Forexanalysis
XAUUSD (GOLD) Sell Setup (Target Range 500 Pips)Pair Name : XAUUSD (GOLD)
TimeFrame : 4Hrs
Direction : Short
Type : Swing
Target Range : 500 Pips
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Neat and clean chart with clear setup, no junk on chart.
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GBPCHF (Sell Opportunity Target Range 180 Pips)Pair Name : GBPCHF
TimeFrame : 4Hrs
Direction : Short
Type : Swing
Target Range : 180 Pips
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Neat and clean chart with clear setup, no junk on chart.
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Top Continuation PatternRising Wedge Pattern : - Rising wedge is a bearish pattern found in a downtrend. A rising wedge is formed when the price consolidates between upward sloping support and resistance lines.
Falling Wedge Pttern :- Falling wedge is a bullish pattern found uptrend. A falling wedge is formed when the price consolidates between downward sloping support and resistance lines.
Support and Resistance Not price! Its a Area(Range)Do you know Support and Resistance is not a Price, It a Area (Range) .
Every time price came to this Area (Range) it respected the Area very well as you can see in the chart.
Rule :- Whenever support is broken its become resistance. And when Resistance is broken its become support.
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Short BreakForex Swing Trade-
CADJPY-4H-TF
Limit Sell@87.514
SL-87.720
Target-87.560
RR-4.6
A strong upper trendline in play since many sessions is once again being approached!
CADJPY is also facing a bearish divergence along so sellers may be coming soon,
thus a short can be taken at rejection from the trendline!
GBPJPY going to break its upward trend channelGBPJPY has been on an upward trend channel for quite long time. It has approached a major resistance level now and has completely formed a head and shoulders at the resistance. It may fall a little, but the trend is still bullish. Let's see if the bullish run will end or not.
NZDUSD ShortA detailed technical analysis of NZDUSD (didn't use advanced technical tools). NZUSD is currently near a major resistance line, forming a double top near it, a double confirmation for its fall. But if it breaks the resistance, it may become a major support line. On the daily timeframe, NZDUSD gave a nice pullback, confirming its fall.
EURUSD Head & Shoulder pattern breakdown and retest.The Major pair EUR/USD has given breakdown days before and retested the level and now has came back for retest at the same level. Might see a fall from here upto the next support. 50EMA is also providing rejection and trendline as well. Lower Highs and Lower Lows formation showcases weakness.
Big Retrace!Message me to learn 1 to 1!
USDCAD 15M TF
USDCAD has had a huge sharp retracement and it may be time for it to reverse as it is showing signs of slowing down!
It is at great support and can give a nice up move from here!
We can see a great divergence as well!
If an upper break is seen entry can be taken with partial after re-test!
Keep SL of low of the triangle with TGT of previous High!
RR-3.5
Possible pips-0.003
Golden TradeMessage me to learn 1 to 1
USDCZK 4H TF
USDCZK has finally given a multiyear breakout!
It could give a huge move if we are able to get a successful re test!
We have also got a 200 day ema support and a golden crossover thus this is seeming like a very promising trade!
Keep SL at low of previous candles with TGT at previous supply with trail SL
RR-8++
Possible pips-4.3
Double trade!Message me to learn 1 to 1!
DKKUSD 1D Tf
DKKUSD has made a double and now is expected to breakdown from the lower support trendline,
However there is a great divergence below thus a long entry can be taken aswell if a clear reversal is seen,
Keep SL previous resistance with TGT at the previous consolidation zone!
Possible Pips-0.007
RR-4.5
Great Momentum!Message me to learn 1 to 1!
PLNUSD 4H TF
PLNUSD has reversed from a great support and is in great momentum!
It has almost re tested as well after a false breakout so we could expect a huge move!
There is a slight divergence as well suggesting a bullish move
Take partial profits at TGT 1 and the rest with trailing SL at TGT 2!
Keep Sl at false Breakout Zone
RR-4.75
Possible pips-0.006
Simple TradeMessage me to learn 1 to 1 !
EURJPY 4H TF
EURJPY is at its 4H support and has been consolidating with a great RSI divergence and increase in volumes
We can keep the TGT at a higher supply zone and keep a tight Sl below the Support line!
RR-6.5
Possible pps-2.5
EURJPY 4H TF
EURJPY is at its 4H support and has been consolidating with a great RSI divergence and increase in volumes
We can keep the TGT at a higher supply zone and keep a tight Sl below the Support line!
RR-6.5
Possible pps-2.5
Dollar Index Cast ForwardExpecting Bullish weeks and reversal after New interest rates are out:
With Dollar index moving higher, expect it to rise until the next FED meeting on 22nd September 2021. Technically, Price will look to sweep liquidity built during the past few bearish months! Remember Trends in this timeframe (monthly) last for a long time. Once the key level of 97.750 is broken, expect a bullish period for dollar.
Track interest rates: Investing . com
To watch seasonal tendency charts : equityclock . com
Note: The above is just for educational purposes. Forex market is subjective in nature. Trading is subjective to financial risks, please do your own analysis and manage your risk properly!
Future Trade!Message me to learn 1 to 1 !
GBPUSD 1D TF
GBPUSD is in an upward wedge however a breakout might be coming soon!
If a lower break is seen an entry can be taken at re-test with great targets however be aware of false breaks thus wait for re test!
The RSI is also showing a divergence suggesting a lower breakout!
RR-6.5
Possible Pips-0.005