BlueMindRichard

BlueMindRichard

Hello Everyone! GBPNZD is a pretty solid Long for the upcoming weeks: Strong Bullish Parallel channel on the weekly H4 Showing Bullish Divergence (Can't see it on this chart as it is on the weekly) Weakening NZD. Triple Bottom + Rejection of the Key area and bottom of the Parallel Channel. Looking to go long Next week. TP at around 1.96000. Let me know if you...

BlueMindRichard

Good evening Traders, We have an interesting Setup here: Please read fully. NZDCAD Weekly With the New-Zealand Dollar losing Momentum, we can expect the ZXY to be bearish in the next weeks. The Canadian Dollar has shown tremendous resilience since March 2020 and despite a rough last few days, the CXY is still very Bullish. A depreciating NZD versus an...

BlueMindRichard

Hello Everyone! USDCAD seems to be rejecting the top of a major parallel channel it has been following for several months now. I'll be looking at entering this setup after the first Wall Street open tomorrow morning. Great Risk Reward Ratio!

BlueMindRichard

All Jokes aside, Bearish Flag on CADJPY H2(H1 as well). Looking at entering Short. TP and SL based on Structure. Enjoy my fine art.

BlueMindRichard

Hello! GBPCAD Seems to be completing a Gartley Pattern which would yield a great sell opportunity. We will need a strong close under the Key area before jumping in any trade on this pair.

BlueMindRichard

Weekly EURJPY showing a very strong descending parallel channel. This Channel has been active and valid for years now and I don't see an official break in the horizon just yet. All XXXJPY pairs seem to be hitting a point of resistance. I expect good Bearish movements on EURJPY in the next weeks. Use proper risk management as always.

BlueMindRichard

The Canadian Dollar (CXY) is worthless. I'm Canadian. I can tell you. It keeps depreciating against the entire world year after year. Now that the rant is done, and on a more serious note, CXY depreciates, that's the nature of things. I expect a weaker Dollar as fundamentals tend to point towards a slow and painful economic recovery in Canada following the Covid...

BlueMindRichard

Under massive buying pressure, Gold has rejected with difficulties levels between 1720 and 1740. However, Jerome Powell will speak later today, triggering movements. The USD (DXY) Has shown harsh weakness towards the end of Thursday's Session and it should translate into a delayed reaction on CFD's. Gold could very easily break out and create a newer high to the...

BlueMindRichard

GBPJPY H4 - Looking for a 4th consecutive rejection of this key area followed by a failed retest (possibly early next week) to enter a sell on GBPJPY. It would be a simple setup should structure be respected. TP and SL based on Structure.

BlueMindRichard

EURUSD Daily seems to indicate a rejection of the top of the parallel channel. Should this happen followed by a close and a failed retest (on tonight's fresh Daily Candle), and a combination of a stronger DXY (due to a retracement or session closure), we could see a safe Selling opportunity.

BlueMindRichard

USDCAD is an interesting one. We have a thriving Canadian Dollar (as per showing on CXY H4) which approaches resistance levels on Daily. USDCAD has been consolidating for more than a month and a half. Should we get a strong rejection and a close above the bottom of the consolidation area, I wouldn't be surprised to see price return. The DXY should gain value over...

BlueMindRichard

CADJPY seems to be rejecting the top of the Parallel Channel it's been stuck in for the last weeks. Looking at shorting it upon another failed retest. 200EMA also seems to be acting as strong resistance. Looking to take profit at base level as per chart. Stop Loss used in accordance to structure.

BlueMindRichard

Hello everyone, GBPNZD seems to be producing a rejection of the top of this Daily Parallel Channel. a Nice bearish previous Daily candle opens this opportunity. Looking at taking profit based on structure.

BlueMindRichard

GBPJPY A Long Term Swing GBPJPY showing a proper rejection of the 0.5 FIB Level. Furthermore, it has been pushing down the Donchian channel, Rejects SMA's and broke through and closed underneath a key level. Taking Profit at the 0.236 FIB Level. Use proper Risk Management.

BlueMindRichard

The Dragon seems to be getting exhausted, again, facing its key area which it has struggled to break for a while now. Over the last months, GBPJPY has faced adversity and resistance. The bulls are losing control and we could see price reverse and head to the bottom of the consolidation area. Proper Selling opportunity. Trade Carefully and minimize risk exposure,...

BlueMindRichard

PLEASE LIKE AND FOLLOW FOR MORE ANALYSIS ---------------- GBPAUD Re-entered a strong Daily Parallel channel after last weeks movements. Weekly Chart shows a potential Bearish flag. Additionally, a Strong Weekly Trend Line has been rejected by price for the third time. a VERY interesting swing idea of 1,000+ Pips profits. For sure looking at shorting GBPAUD early...

BlueMindRichard

GBPAUD Weekly: GBPAUD has been within a Strong ascending channel since September 2016. Price is currently testing the high. It has rejected it earlier this week and is approaching ideal entry once again, facing another possible rejection. Furthermore, Monthly chart shows a clear trend line which is precisely where Price is currently sitting. And finally, GBPAUD...

BlueMindRichard Updated 

EURUSD Daily has just broken a very strong key area between 1.11700 and 1.11500. Following a recent close under that key area, price seems to try and enter that consolidation area between 1.11500 and 1.10000. Furthermore, recent signature of China's trade deal by Trump's administration should, in principle, strengthen the USD. Looking at selling EURUSD at this...