Long-term and Short-term Setups

Posts: 85 · #1 - September 10, 2020, 01:48:52 PM

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.

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.

Linkback: https://www.forex.zone/technical/11/long-term-and-short-term-setups/3197/

Posts: 85 · #2 - September 11, 2020, 01:35:32 PM

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.

Posts: 85 · #3 - September 16, 2020, 03:55:23 PM

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.

Long-term and Short-term Setups in Technical_U59Yn4gC

Posts: 85 · #4 - September 17, 2020, 07:34:36 AM

Posts: 85 · #5 - November 11, 2020, 01:03:46 PM

EUR/USD Technical Analysis

The hope (virus cure) rally has fizzled out.
The pair hit the rang top, formed a head and shoulder pattern, and has broken down now.
We expect the pair to hit the lower end of the range in the next few sessions.