CharlieGunner

CharlieGunner

Since price broke above 0.96400, I'm expecting a retest at this price point turning it into a support level and a rally to follow til the 0.98600 price point, which looks like a current resistance level. With the aforementioned in mind, stops are going to be kept tight at 0.95400. Possibly taking partials at 0.97535.

CharlieGunner

GBPUSD has been trading in an ascending channel since March 9th 2021 and is currently at a multi-year resistance level and developing a double top formation at about the same price as the head of our previous head and shoulder pattern (which was just tested). The upside seems to have rejected the price. With the aforementioned factors in consideration, the pair...

CharlieGunner

AUDCAD is currently lingering at a support level. Failure to break this level to the downside will result in price adopting a bullish move. Considering the fact that the pair just broke a resistance trend line and tested it from the upside, the aforementioned is pretty probable. Hence, this enables a potential bullish wave with a good risk to reward...

CharlieGunner

As the dollar hovers near 10-week lows, the EURUSD currency pair has rallied over 100 pips, testing a resistance level in the previous trading session. However, price action dictates that a retracement succeeds every impulse move irrespective of its direction. I believe the pair is currently facing a bearish pressure, creating enough room for a market correction,...

CharlieGunner

EURCHF has had bullish impulse move since mid February rallying the price of the instrument to the upside. Naturally, a market correction is expected after every impulse move. Unfolding EURCHF reveals that the pair has been trading in a descending channel and has just finished it's 3rd touch on the lower bullish correction flag line and had a bullish close above...

CharlieGunner

Dogecoin surged to an all time high of 0.70 on May 8th prior to Elon Musk's SNL podcast skit. The crypto currency was expected to reach target highs of a $1.00 due to the hype the billionaire created around it. Instead, doge has tanked significantly as if to correct itself by a 61% retracement to the 0.40 mark. This reveals opportunities to buy in on the...

CharlieGunner

EURGBP has recently broken out of a bearish rising wedge to the downside. This is a typical reversal pattern. Short positions are in order from the 0.87000 resistance level with targets at 0.86000. This pair may tank all the way to test the 0.85000 to 0.84500, forming a double pattern, also, presenting further targets at 0.85500 and 0.85000. Price should test the...

CharlieGunner

EURAUD has had multiple short trade confirmations. Firstly, the pair faked out of a resistance level and bounced back in range to test the previous support level. Secondly, the pair broke out of a bearish rising wedge from the fake out with a momentum candle to the downside, testing the aforementioned support level. Thirdly, the pair broke out of an up trend...

CharlieGunner

The West Texan Intermediate price tag eventually broke out of a sideways market to the upside after consolidating in a major daily horizontal range. Price broke with a bullish momentum candle and closed above the resistance area turning it into a new support level. I believe this signals an exhibiting bullish momentum. A pullback to the broken resistance level is...

CharlieGunner

SPX has been trading upwards and seems to have tested a resistance level. Two Possibilities exist here. Firstly, the instrument will be expected to sell off from this point if it fails to break resistance levels and test previous support levels. Secondly, SPX can break resistance and continue to move to the upside. Say the second statement is true, then the...

CharlieGunner

EURAUD has been trading in a downtrend and has recently broken out of a descending regression channel to the upside. The pair is currently testing a daily support level, which is conveniently the regression channel's upper trend line. I believe this confirms the presence of a bullish trend. Entry at 1.54000, Stops at 1.53000 & Target 1.56000 Trading ideas are...

CharlieGunner

GBPUSD has completed a head and a shoulder pattern on the 5th of March and has been trading in a descending channel from the head of that pattern. The pair has also formed a double top formation, testing the right shoulder following the completion of the head and shoulder pattern. This creates opportunities for short trades as both chart patterns are reversal...

CharlieGunner

GOLD has formed a descending wedge pattern on the H4 time frame. Price is currently testing a daily support level, also, the support trend line of the descending wedge. There's surely enough room for an upside movement if you ask me. This is the perfect time to look for long opportunities. Entry Point 1650, Stops 1600 & Target 1750. Trading ideas are...

CharlieGunner

GBPJPY has been trading in an uptrend since September 2020... A clear ascending channel is visible on the H4 time frame and seems the trend has been respected all along. Til off late, the pair has tested a significant resistance level, one it hasn't retested since April 2018. We had just lowered our TF to 30mins, only to find an inverse head and shoulder pattern...

CharlieGunner

EURAUD is in an overall downtrend, trading a in a clear descending channel. The pair seems to have respected price action, testing significant price levels as it tanked. The next possible move for EURAUD is to retest the 1.52700 support zone forming a double bottom pattern, gaining more than enough momentum to rally to the 1.56000 resistance zone. Alternatively,...

CharlieGunner

EURGBP is currently trading in a descending channel. Having tested a strong support area at 0.85500, price rallied to test the 0.86975 resistance area, failing to break neither at with this recent attempts. I expect EURGBP to break out of the channel to the upside creating another trend direction. Entry 0.85980, Stops 0.85000 & Target 0.88000 Trading ideas are...

CharlieGunner

EURCAD is currently facing a support cluster and looking to take advantage of the double bottom formation found at the 1.52120 support area. Price is expected to make a considerable move to the upside to test the 1.53515 resistance zone. Entry 1.52500, Stops 1.52000 & Target 1.53500. Trading ideas are subjective. Individual analysis advised.

CharlieGunner

EURNZD is trading in a descending channel. Price has already broken out of the channel to the downside and retested it, along with a daily resistance zone at 1.66500. A continuation movement to the downside within the channel is expected, with a probable breakout of the channel to the downside again. Entry Point 1.65300, Stops 1.67000 & Target 1.63450. Trading...