Brotec02

Brotec02

Sell the resistance

Brotec02

AUD_CHF: Double-top just finished and ion its way down.

Brotec02

After months at top, finally Euro came back to where it started in 2018. But be careful as Euro is just resting, with its mission for a final push at the summit (for now). Besides it has no where to go but to go up further, as strong weekly support lying below. For now the only way going up is to build a staircase, an abc consolidation pattern is not a bad...

Brotec02

Based on my analysis on the pairs, there is a strong possibility that loonie is on the dip. Its very clear that the structure formed a double-top with strong resistance on top. If my analysis is correct, the structure is forming wave #2 of the 5 wave structure.

Brotec02

Looks like the pound has found a very strong support level. Support can be seen between 1.7877 and 1.7648. If the support level is maintained by the structure, the 5-wave could still continue to go. Waiting for the right move for buy set-up. Just be patient and trade with care.

Brotec02

GBP_CHF: Pound is still bullish with strong support level at 1.345. We are looking for double top before it goes down.

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Possible ABC pattern for the pound dollar

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GBP is on the downtrend but only for a short-term. As if the chart structure continue to be in bullish flag pattern, with support and trend line below is valid it could turn up the Pound to the up-side again on long term

Brotec02

Short on Euro on a Bullish Flag Pattern

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My trend analysis on AUD_USD pair.

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GBP_USD: My chart pattern speculation is a bullish flag pattern?

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EURO_USD: With the pair forming a bullish flag pattern, there is possibility that the Euro would take off from 1.1884 and 1.1952 support level. But this could only happen in the next 3 months.

Brotec02

USD_CHF: Buy the Dollar at the support for break-out

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EUR_JPY; Should you buy the Euro over Yen? Although Euro is weak against the dollar, it seems it is stronger than the Yen. Judging on the 5-Wave Analysis it seems the Euro has more room to up rather than down. With strong support level below, it seems buying Euro is a great idea.

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GBP_CHF: Waiting for Double Top for short trade set-up

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GBP_AUD Bearish Trade set-up idea

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Retested the resistance, might go for to retest the support before flying high.

Brotec02

UK weaker than expected retail sales is expected for the pound to short at 1.3724 area. But a bigger trade is still goes to the upside.