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Forex Long-term and Short-term Setups

Discussion in 'Forex Forum' started by TriciaWilson, Jul 24, 2020.

  1. TriciaWilson

    TriciaWilson Member

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    Hello Traders,
    I’m a pro with 7+ years of experience in the market. I want to help out retail traders. So, here I post some of my long-term and short-term setups and crisp points of the reasoning and my conclusion.
    Hope it benefits you.

    EUR/USD Technical Analysis

    ~~ The counter is currently in a strong bull run.
    ~~ It is forming a parabolic pattern, which suggests further strong upmove is on the cards.
    ~~ Also, the pair is forming a bullish pennant pattern in the short-term charts.
    ~~ We expect it to surge sharply higher for the day.

    qhNKGtw5.png
     
  2. TriciaWilson

    TriciaWilson Member

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    GBP/NZD Technical Analysis

    ~~ The counter has formed a topping out formation in the near-term.
    ~~ It made a double top and has broken a key support level of 1.99508.
    ~~ Further, the round number of 2.00 can act as psychological barrier in the near-term.
    ~~ Though a pullback to the top cannot be ruled out, we still expect the pair to be bearish in the near-term.

     

    Attached Files:

  3. TriciaWilson

    TriciaWilson Member

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    NZD/JPY Wave Analysis

    ~~ The counter is currently formed a flat ABC corrective wave.
    ~~ It broke out from a bear flag pattern, tested the broken support, and is now coming down with strong momentum.
    ~~ Hence, we expect the pair to be bearish in the near-term.


     

    Attached Files:

  4. TriciaWilson

    TriciaWilson Member

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    EUR/JPY Technical Analysis
    ~~ The counter had multiple supports- trendline, bullish flag support and price action support.
    ~~ But it has broken all the levels and bulls are trapped big time.
    ~~ Hence, we expect some long unwinding move in the counter.
     

    Attached Files:

  5. TriciaWilson

    TriciaWilson Member

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    NZD/USD Technical Analysis

    ~~ The counter is currently is descending channel pattern.
    ~~ It hit the lower parallel and bounced off with a ascending channel pattern.
    ~~ Hence, we expect the pair to trade with positive bias in the short-term.
     

    Attached Files:

  6. TriciaWilson

    TriciaWilson Member

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    USD/CHF Technical Analysis

    ~~ The counter is currently in sideways consolidation.
    ~~ It made a false breakout at the lower end of the range and has crept in and now forming a symmetrical triangle pattern.
    ~~ We expect the triangle to render a bullish breakout and push the price to upper end of the range for now.
     

    Attached Files:

  7. TriciaWilson

    TriciaWilson Member

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    EUR/GBP Technical Analysis
    ~~ The counter is currently consolidating in a wedge pattern.
    ~~ It hit the lower end of the range, formed an exhaustion candle and rose up sharply.
    ~~ Now, it is sliding to a demand zone where we expect buying activity to resume in the counter.
     

    Attached Files:


  8. TriciaWilson

    TriciaWilson Member

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    EUR/CAD Technical Analysis
    • The counter is currently sliding down in a descending channel.
    • It hit the upper parallel and is coming down strongly.
    • Further, the RSI indicator has formed a head and shoulder pattern.
    • Hence, we expect the pair to be bearish in the near-term.

    analysis.png
     
  9. TriciaWilson

    TriciaWilson Member

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    EUR/CAD Technical Analysis

    • The counter is currently sliding down in a descending channel.
    • It hit the upper parallel and is coming down strongly.
    • Further, the RSI indicator has formed a head and shoulder pattern.
    • Hence, we expect the pair to be bearish in the near-term.
    analysis.png
     
  10. TriciaWilson

    TriciaWilson Member

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    NZD/USD Technical Analysis

    ~~ As suggested earlier, the counter found support at the supportive trendline and bounced off.
    ~~ Now, it has broken the resistive trendline as well and consolidating just above it.
    ~~ We expect the pair resume to bull trend and head to the immediate resistance marked in the chart.
    ~~ The support zone marked in the chart can cap the declines.
     

    Attached Files:

  11. TriciaWilson

    TriciaWilson Member

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    EUR/CHF Technical Analysis
    ~~ The strength of Swiss Franc bewilders us as it was able to contain the hottest currency like Euro.
    ~~ Despite EUR/USD & EUR/JPY moving to great heights, it is still in bearish territory and the counter has absorbed intense buying pressure.
    ~~ Technically, the formation resembles a round top and so a sell-off is on the cards when the Euro corrects against erstwhile currencies.
     

    Attached Files:

  12. TriciaWilson

    TriciaWilson Member

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    GBP/CHF Technical Analysis
    • The counter is currently in a 3-wave bear cycle.
    • Further, it is currently forming wave B in the form of a bearish flag pattern and is close to the resistance zone.
    • Hence, we expect the pair to find resistance around this area and commence its wave C.
    Aug 28_GBPCHF.png
     
  13. TriciaWilson

    TriciaWilson Member

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    EUR/GBP Technical Analysis

    ~~ The counter is now on the verge of completing a 3-wave bear cycle.
    ~~ It is now approaching a strong demand zone which also coincides with the 61.8% retracement of the entire rally.
    ~~ We expect the pair to kickstart a fresh bull cycle from here.
     

    Attached Files:

  14. TriciaWilson

    TriciaWilson Member

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    USD/CHF Technical Analysis

    ~~ The counter has broken off from a falling wedge pattern.
    ~~ It is now hovering around the broken trendline.
    ~~ We expect the support zone to arrest any pullback and catapult the prices higher.
     

    Attached Files:


  15. TriciaWilson

    TriciaWilson Member

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    AUD/USD Technical Analysis


    ~~ The counter has been in the declining mode for the last 2 days.
    ~~ It made an inverse head and shoulder and has broken the neckline.
    ~~ Further, it has broken the immediate trendline as well.
    ~~ Hence, we expect the pair to be bullish in the near-term.
     

    Attached Files:

  16. Punkcity

    Punkcity Well-Known Member

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    Nice posts are the charts in 30 min candles? Cheers
     
  17. TriciaWilson

    TriciaWilson Member

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    EUR/USD Technical Analysis

    ~~ The counter is maintaining its positive bias by holding the support of the ascending channel.
    ~~ As the preceding move also steep, the price needs a bullish correction at the least.
    ~~ Hence, we expect the pair to be bullish for the next few sessions.
     

    Attached Files:

  18. TriciaWilson

    TriciaWilson Member

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    AUD/JPY Technical Analysis

    ~~ AUD/JPY has bounced off from a supportive trendline.
    ~~ However, the recent fall has depleted the bullish momentum in the counter its now in a rising wedge formation.
    ~~ We expect the pair to move to trade with bullish bias.
     

    Attached Files:

  19. TriciaWilson

    TriciaWilson Member

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    GBP/USD Technical Analysis

    ~~ The counter's dynamics have changed drastically this week.
    ~~ It turned bearish abruptly due to the risk of no-deal Brexit.
    ~~ And there has been a significant amount of longs trapped.
    ~~ It broke the support of 1.30100 which is now capping the rally.
    ~~ We expect the pair to move down significantly as long as the pair stays below this level.
     

    Attached Files:

  20. TriciaWilson

    TriciaWilson Member

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    NZD/JPY Technical Analysis

    ~~ The zone of 71.100-200 proves to be a tough nut for the pair.
    ~~ Despite multiple attempts, the price is unable to break above it.
    ~~ Further, the price action has formed an evening action star pattern at the resistance zone.
    ~~ Hence, we expect the pair to be bearish in the near-term.
     

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