Erady_Pascal

Erady_Pascal

The formation of an inverted head and shoulder pattern might give us an opportunity to buy the market. Buy on the breakout and retest of the neckline.

Erady_Pascal

In the D1 the price is trading in the range and in H12 we can spot a bullish harmonic pattern. Look for an entry in lower timeframes. Nice trading!

Erady_Pascal

EURNZD has been quite choppy for about two weeks now since it hit the monthly support zone. Despite the market conditions, we can see the price making an inverted head and shoulder structure. From there we can catch a short buying trade as displayed on the chart above. Nice trading!

Erady_Pascal

USDNOK Formed a double top structure on the daily timeframe and from there we saw a breakout of the neckline and yesterday the price retested the neckline. The daily candle close was a pinbar showing bears attempt to push the price lower. All this gave reasons to go short. What is your opinion on USDNOK?

Erady_Pascal

Hey traders, while analysing the intraday timeframe for GBPJPY i noticed that the price failed to make a higher high to continue with a bullish move. And finally we can see a head and shoulder pattern in 3h. This is a great signal for a further bearish move. I'll look for shorting opportunity only once the price breaks and retests on the neckline. What is your opinion?

Erady_Pascal

Hey traders, after the price hit the daily resistance, we can now see the formation of the head and shoulder pattern which is a classic reversal pattern. And now what then..? Yes we are looking for a shorting entry after the price retests on the neckline. What's your opinion on this setup? Nice trading...

Erady_Pascal

TWO REASONS TO SELL GBPCHF 1. Price hit the daily resistance level 2. Formation of the rising wedge on 4H To short with confirmation and confidence wait for the breakout of the wedge and sell on a retest. Once the price breaks to the upside then we will look for another setup. What is your idea on GBPCHF? Bullish or Bearish?

Erady_Pascal

Last week GBPNZD reached a weekly support cluster and we saw the loss of price momentum. Currently, the price failed to make a lower low and it's now consolidating on the level. Once you zoom in the 1H timeframe you'll notice bullish accumulation forming an ascending triangle. Once the price breaks to the upside of the triangle it will be a very nice opportunity...

Erady_Pascal

After a long bearish trend for USDZAR over the past two weeks, finally, the price was able to reach the weekly support cluster. We can also see the loss of momentum as the price approaches this zone. Moreover, there's formation of a bearish channel on the zone which signifies a potential reversal. To buy the market wait for the breakout of the channel then buy on...

Erady_Pascal

EURNZD is currently approaching the daily support level. However, in the intraday timeframe, there is a very nice falling wedge which is a reversal structure. Look for the opportunity to buy once the structure is broken and retested. Also, the formation of the double bottom on the support will add an extra trigger to BUY the market. NB; once the price continues...

Erady_Pascal

After a long-ranging market in the weekly time frame, finally, the price broke out of the weekly trading range. Last week we saw a very nice retest of the previous support with the market trading in the rising channel in the lower time frame. The breakout of the channel confirms a very nice swing trade opportunity where our major goal will be the 1.22600...

Erady_Pascal

GBPJPY formed a very nice rising wedge which hit the daily minor resistance. After that price action, we saw a breakout of the wedge and retest giving us a great opportunity to go short. NICE TRADING!

Erady_Pascal

Hey traders, looking at EURAUD in D1 the market is very bullish. Last week we saw the breakout of the minor daily resistance followed by a retest this week. Our confirmation to continue to buy the market is the formation of the head and shoulder at the support level.

Erady_Pascal

after breaking out the previous trading range on the 4h, GBPAUD now is looking to retest on the previous resistance. wait for the confirmation to catch a short trade on 1h

Erady_Pascal

From the daily timeframe perspective, GBPCHF is in a range. On the 4 Hour chart, the price reached the support which may now act as the resistance thus giving us the opportunity to go short. Traders, let me know what you think in the comments.