AUDUSD Sell set up -
AU has been on a downtrend since Feb 2018. The market is now approaching the resistance line.
Looking for rejection of the resistance trend line and to make its move down resulting in a 220 pip trade.
On 4hr AU has found resistance at 0.070470. From that market is created a triple top.
Daily resistance trend line is just 6...
CADJPY buy set up -
The market has formed a teacup on 4hr TF
since 17th April and up close a W is forming.
Anticipating a move to the upside from resistance trendline break
resulting in a 115 pips move.
For CJ to continue rising it must break the resistance trend line.
EURGBP SELL SET UP -
EG has been on a huge bullish move since May with no sign of slow down.
Now the market is reaching a very strong resistance zone that has in the past held up very well and pushed the market down.
Sell zone is 20 pips, so within that zone looking for possibles wicks entering that zone.
Followed by a rejection in that zone. If the candle...
EURUSD 4hr sell set up -
Potential Head & shoulders formation on 4hr chart.
The market is still pretty far from the formation but a
heads up to trades to look out for this.
Will keep you guys updated when EU reaches closer.
GBPUSD - BUY SET UP DAILY CHART
The market is reaching the buy zone on a Daily Timeframe .
* 3 zones meet together which does make that area a good buy.
*Downtrend support line, Uptrend support line and Daily support line meet in the buy box.
*Other Support zones could be found below the trend line but can be used as a new entry point,
if the market fails to...
GBPUSD buy set up -
On 4hr timeframe the market has now formed an inverse Head & shoulders.
Shoulders have formed around the 4hr support of 1.26800 and the head
has formed of the Daily support of 1.25100.
Short term - TP 1 - 180 pips
Long term - TP 2 - 600 pips
NFP is this week, trade smart!
GBPCAD Buy set up -
The market has been in the downward channel since 6th June.
Rejection of Support trend line followed by the 3 green candles have indicated a buy up to the resistance trendline.
One key factor to look for is if the market does find support of the Daily support 1.65950
If not then the market will drop to Support trend line giving an option for...
GOLD sell set up -
Pretty straight forward set up and with great detail.
Sell from sell zone down to target zone.
LARGE swing trade this is, that could last weeks or months.
At the same time, accumulating around 2500 pips.
Any questions drop a comment :)
Gold set to pullback to buy zone between $1302 - $1308. Within the buy zone, the market would have completed the teacup handle which is a good indicator for a buy.
After the slight consolidation around the buy zone. Bulls will take Gold creating new higher highs.
FULL BREAKDOWN VIDEO OF THIS ANALYSIS IS ON MY FREE TELEGRAM CHANNEL @FreedomTraders1
CHFJPY buy set up -
Market approaching 4hr support and also 4hr trend line. Looking at a buy from support to resistance trend line. However there's not much confirmation or not many reversals on support trend line so the market does have potential to break. But the support could help it out and start building the trend line up. If market breaks then next zone is daily.
ETHUSD buy set up -
Looking at the market to bounce off trend line and enter TP zone. Support trend line has held up well with multiple bounce offs.
(My first ETHUSD chart, it's more of an idea what i expect the market to do. Just follow along, DO NOT TRADE)