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Harmonicforex

EURUSD > Possible Continuation to The Downside!!Analysis of #EURUSD The EURUSD today reached 20 year low, as you can see on the chart, we have broken below end line support, which might indicate more downside. but here is how I look at it, and please read it twice: 1- the US market today is closed for labor day 2- we have an ECB Press conference this Thursday 3- we have FED chair Powell speak this Thursday so for me, there is no momentum right now behind this break, and yes it might keep going down, but for me, I am staying out for now. Please support me by boosting this idea so it can get to more and more traders ________________________________________ 💭 | Comment your thoughts below, I always answer. 📥 | Feel free to message me if you have any questions. Thanks for your continued support!
by TheTradersAvenue
15
AUDNZD BREAKOUT SETUPPair: AUDNZD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, trend channel ————— Key Takeaway: We are approaching very significant level of support which has been broken previously, due to the strength of NZD it is likely to bring the pair down through it, we need to wait for a close below these levels before we enter ————— Level needed: need a close by 1.11266 ————— Trade: Short RISK:REWARD 1:8 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
BTC 20,550/20,850 then 18,950BTC has many fibs lining up in the same place - at 20,850. That is the 1.414 of AC, the 1.272 of OC, the Elliot Wave impulse of 2.14, and also this same level 20,850 is the 0.236 fib from 25,188 to current support (19.5k). It would be a good idea to short this level if it hits. I expect a bounce (or drop) from 20,550 which is the 1.618 impulse from the bottom. The target of the Short to then flip LONG is 18,950. Then we can continue to trade the channel.
by reiiss7
4
CHFJPY TRIPLE TOP Pair: CHFJPY Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, triple top, ————— Key Takeaway: Seen a triple top form at this level of critical resistance, we are also seeing a wick form on the level of high volume telling us price is taking some bearish pressure ————— Level needed: need a close by 143.080 ————— Trade: Short RISK:REWARD 1:6 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
4
CADJPY CONTINUATION SETUPPair: CADJPY Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance ————— Key Takeaway: Already a break of trend line, we are looking to see a break of this dynamic resistance level, if we close above a continuation of uptrend is in order for sure ————— Level needed: need a close by 106.850 ————— Trade: Long RISK:REWARD 1:4 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Long
by TheGoldRoom
USDCAD MAJOR DOUBLE TOP FOR SELL!Pair: USDCAD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle, cypher pattern, elliot wave theory ————— Key Takeaway: Major double top, can defo catch the retracement of this pair(bearish). Already seeing a mad bearish hammer candle indicating that price might infact switch and we might see bearish movement ————— Level needed: need a close by 1.31465 ————— Trade: Short RISK:REWARD 1:7 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
CADJPY BREAK OF TREND AND RE-TEST Pair: CADJPY Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern ————— Key Takeaway:Seen a break of support and trend line, we have just seen a retest of broken trend line using it as resistance, we just need some bearish momentum now before we can short safely ————— Level needed: need a close by 105.595 ————— Trade: Short RISK:REWARD 1:5 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
EURAUD BUYING OPPURTUNITY Pair: EURAUD Timeframe: 1H , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern, ascending triangle, consolidation break ————— Key Takeaway: Price cannot seem to break this level of support / high volume level and rounded number, we have news at 10AM which will hopefully push the pair off this level with high volatility ————— Level needed: need a close by 1.47040 ————— Trade: Long RISK:REWARD 1: ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Long
by TheGoldRoom
AMAZING GBPNZD SHORT SETUPPair: GBPNZD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern ————— Key Takeaway: Alot of bearish action for GBP in general meaning we are looking for short trades. here we have seen signs of breaking pennant. We now need to see closes below dynamic support / high volume level and rounded number before we can enter ————— Level needed: need a close by 1.89440 ————— Trade: Short RISK:REWARD 1:7 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom