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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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    NZD/USD Technical Analysis

    ~~ This counter currently trying to form a wedge formation.
    ~~ Now, it has formed an ascending triangle with in that & broken to move up further.
    ~~ Hence, we expect that it will be bullish upto the resistance line.
     

    Attached Files:

  2. TriciaWilson

    TriciaWilson Member

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    CAD/JPY Technical Analysis
    • The counter has formed a head and shoulder pattern.
    • It has broken the neckline with a strong bearish candle.
    • We expect the neckline to cap the upswing and push it down from here.
    cadjpy_analysis.png
     
  3. TriciaWilson

    TriciaWilson Member

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    AUD/CAD Technical Analysis

    ~~ The counter is currently trading around a strong resistance zone that triggered a sell-off previously.
    ~~ According to the wave, it has now completed the ABC correction for the down move it made.
    ~~ Further, the entire setup looks like a head and shoulder in the higher timeframes.
    ~~ Hence, we expect the pair to move down from here to the potential supportive trendline marked in the chart and if it is broken, it could trigger a larger sell-off.
     

    Attached Files:

  4. TriciaWilson

    TriciaWilson Member

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    USD/JPY Technical Analysis

    ~~ The counter is currently in a descending channel formation.
    ~~ It has made an inverted and cup and handle formation within that.
    ~~ Further, the price is currently hovering around a strong supply zone.
    ~~ Hence, we expect the pair to be bearish in the short-term.
     

    Attached Files:

  5. TriciaWilson

    TriciaWilson Member

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    EUR/USD Technical Analysis

    ~~ This counter has formed a descending channel formation.
    ~~ It has taken the strong support as resistance & bounce back in downward direction.
    ~~ Hence, it will be bearish from here.

     

    Attached Files:

  6. Bago

    Bago Well-Known Member

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    Why are you using 3H timeframe charts when it is not used by the majority of traders? 4h charts ok but 3h???.
     
  7. TriciaWilson

    TriciaWilson Member

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    BTC/USD Technical Analysis

    ~~ BTCUSD pair has been in the bullish movement.
    ~~ Now, it was consolidating @ 10894 after breaking the symmetrical triangle pattern.
    ~~ Hence, we are expecting that it will be rebound to the upward movement further in the near term.
     

    Attached Files:


  8. Bago

    Bago Well-Known Member

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    Gold is consolidating into a descending wedge and is testing horizontal resistance around $1920. A break of this level would open the road to $2075 level price medium term.

    gold.png
     
  9. TriciaWilson

    TriciaWilson Member

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    USD/JPY Technical Analysis

    ~~The counter broke the resistance of 105.8 but was unable to sustain above it.
    ~~ It has then encountered a strong sell-off and has broken a bullish trendline.
    ~~ Hence, we expect the pair to be bearish in the near-term.
     

    Attached Files:

  10. TriciaWilson

    TriciaWilson Member

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    AUD/CHF Wave Analysis

    ~~ As we suggested earlier, the counter is currently in an ABC and has moved down significantly.
    ~~ Now, it is forming a triangle in the short-term charts.
    ~~ We advise our users to either sell at the resistance of 0.665 or when the price breaks down below 0.651.
     

    Attached Files:

  11. TriciaWilson

    TriciaWilson Member

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    EUR/JPY Technical Analysis

    ~~ The counter has made a retest of the broken head and shoulder neckline.
    ~~ It has made the retracement in the form of a bearish flag and has broken down from it.
    ~~ Further, it has crossed critical support of 123.9 and hence we expect the pair to be bearish in the short-term.
     

    Attached Files:

  12. TriciaWilson

    TriciaWilson Member

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    NZD/USD Technical Analysis

    ~~ The counter has formed a double top pattern in the short-term.
    ~~ Further, it has broken down with a strong bearish candle.
    ~~ The formation interpreted a solid distribution around 0.667 levels.
    ~~ Hence, we expect the pair to slide down from here.
     

    Attached Files:

  13. TriciaWilson

    TriciaWilson Member

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    BTC/USD Wave Analysis

    ~~ Bitcoin has been in a bullish correction for the last few days.
    ~~ The limping move to the upside could be interpreted as wave B.
    ~~ Now, we expect a wave C move to the downside.
     

    Attached Files:

  14. TriciaWilson

    TriciaWilson Member

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    EUR/USD Wave Analysis

    ~~ The counter is currently forming an ABC correction.
    ~~ It is now in its second leg which is of the wxy wave form.
    ~~ Now, the pair is making a bullish move to complete the wave y and hence we expect the pair to be bullish in the near-term.
     

    Attached Files:


  15. TriciaWilson

    TriciaWilson Member

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    USD/CHF Wave Analysis

    ~~ The counter is currently in an ABC correction.
    ~~ It is now in its final stage for wave B looking out for support.
    ~~ We expect the pair to find its support around the current price point and head higher.
     

    Attached Files:

  16. TriciaWilson

    TriciaWilson Member

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    AUD/USD Wave Analysis

    ~~ The counter is currently forming an ABC correction.
    ~~ It has completed the w and x waves of the wave B and is now moving up to form a wave y.
    ~~ Hence, we expect the pair to be bullish in the near-term.
     

    Attached Files:

  17. TriciaWilson

    TriciaWilson Member

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    EUR/USD Technical Analysis

    ~~ As we mentioned in our previous post, 1.18700 is a strong resistance for EUR/USD.
    ~~ Now, it has formed a head and shoulder pattern at the zone and is coming down strongly.
    ~~ The next support is only at 1.17500 and we expect a free ride to bears till then.
     

    Attached Files:

  18. Bago

    Bago Well-Known Member

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    Rajkumar, if you identified this strong resistance, how come did you take this scalp?.


    7 Years of experience (you claim) and you didn't learn that you never buy a resistance?.
     
  19. Nathan Detroit

    Nathan Detroit Well-Known Member Founding Member

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    sorry to interrupt but casino table games are not subject ti rumors and what might happen like eons ago happened .




    Carry on .
     
    mr j likes this.
  20. TriciaWilson

    TriciaWilson Member

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    AUD/CHF Wave Analysis

    ~~ After completing a bearish cycle, the counter is limping up to complete ABC correction.
    ~~ It is forming a wave A in the form of a bearish flag.
    ~~ We expect it to render a bearish breakout to form wave B.
     

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