PeNuel2020

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) WHY SELL CHFJPY? - STRONG REJECTION IN A KEY SUPPLY ZONE (@124 - 125) - PAIR FORMS LOWER HIGH ALREADY AND WE WAIT FOR A LOWER LOW BELOW KEY S/R LEVEL @124 - PAIR FORMING A TREND-REVERSAL PATTERN - HEAD AND SHOULDERS PATTERN Most times, our analysis on this had been largely...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) WHY BUY EURNZD: PAIR HAS ESTABLISHED A STRONG SUPPORT ABOVE A KEY S/R LEVEL PAIR IS IN AN ACCUMULATION PHASE ON A D1 TIMEFRAME PAIR IS CURRENTLY IN A VERY STRONG DEMAND ZONE EURO MIGHT STRENGTHEN OR NZD WEAKEN IN COMING DAYS R:R is usually good if setup eventually comes - it is...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) KEY REASONS TO GO LONG ON USDCAD: STRONG RALLY/CONSOLIDATION LIKENED TO ACCUMULATION AT KEY S/R LEVEL (AS WELL AS A DEMAND ZONE) We have traded USDCAD well enough in the last couple of months and have good win rates. Hence the courage... But, always remember that nothing is fixed in...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) WHY BUY CADCHF? - PAIR BOUNCES OFF TO THE DEMAND/ SUPPLY ZONE CAPTURED @0.7400 - PAIR REACTS TO KEY R/S LEVEL CAPTURED @0.7400 - PAIR SHOWS BULLISH FLAG PATTERN Horizontal lines show possible levels to anticipate targets/take-profits. A fast bullish run will be above...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) REASONS TO GO LONG ON GOLD: GOOD SUPPORT ESTABLISHED ABOVE KEY R/S LEVEL @1740/50 BULLISH RALLYING SPOTTED ON H1/H4 AS RIGHT SHOULDER OF A HEAD-AND-SHOULDERS PATTERN THERE IS INEFFICIENCY TO MITIGATE AROUND @1810-1830 MARKET COULD GET LESS OPTIMISTIC IN THE COMING DAYS OR THAT USD...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) WHY BUY GBPUSD? - PAIR BOUNCES OFF KEY DEMAND ZONE @1.36 - PAIR KEEPS BUY PRESSURE INTACT ABOVE DEMAND ZONE - PAIR ACTS ON DEMAND ZONE AS KEY SUPPORT LEVEL TOO - NFP OUTCOME TODAY HAS STRENGTHENED THE SUPPORT LEVEL Above all, in as much as nothing is certain or fixed,follow your...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) WHY SELL GBPAUD? - PAIR BREAKS A MAJOR MULTIWEEK TRENDLINE - PAIR BREAKS BELOW KEY R/S LEVEL (BELOW @1.87) WITH STRONG BEARISH CANDLESTICKS ON D1 - PAIR CURRENTLY IN ANOTHER SUPPLY (STRONG BEARISH) ZONE NB: This is a very volatile pair. So, manage your positions well! There are...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) [b ] WHY BUY AUDUSD? - PAIR BOUNCES OFF KEY DEMAND ZONE @0.7200 - PAIR KEEPS BUY PRESSURE INTACT ABOVE DEMAND ZONE - INVERSE HEAD-AND-SHOULDER PATTERN SETUP SPOTTED ON H4 NB: A better way to trade this is to wait for a break out of the neckline and a retest on H1 or H4 or M30,...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) WHY FURTHER BUY CHFJPY? (Check the previous analysis done on CHFJPY for more comprehensive detail on the breakdown) -PAIR DEFENDS @119 R/S LEVEL AS SUPPORT AND DOWN ATTEMPTING TO BREAK ABOVE @120 - THERE IS IS AN EFFICIENCY AND ORDER BLOCK TO MITIGATE UPSIDE AROUND @121 This...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) KEY REASONS FOR FURTHER SELLING NZDCHF: PAIR IS HAS BROKEN AND RETESTED A MAJOR R/S LEVEL PAIR IS CURRENTLY TESTING A KEY DESCENDING CHANNEL BUT BELOW A KEY D/S ZONE NB: We have taken this trade from the very rejection demand/supply zone it was rejected. Now, we want to see...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) KEY REASONS TO GO LONG ON USDCAD: POSSIBLE LIQUIDITY GRAB (A FAKE-OUT) SPOTTED AGAIN, AS PAIR IS BACK IN THE ASCENDING CHANNEL STRONG SUPPORT LEVEL AND DEMAND ZONE SPOTTED ABOVE @1.27 POSSIBLE STRONG ACCUMULATION TO BE REPEATED CAD APPEARS WEAKENING ACROSS BOARD IN THE MEANTIME USD...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) WHY BUY GBPCHF? - SETUP IS LIKELY A BULLISH SHARK PATTERN - DAILY KEY SUPPORT AND DEMAND ZONE @1.2550 PRICE LEVEL - RETRACEMENT IN VIEW AND POSSIBLE MITIGATION OF INEFFICIENCY This pair is very volatile. However, the R:R is fair. There are two possible targets in case this outcome...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) WHY SELL CADCHF? - PAIR REACTS TO THE DEMAND/SUPPLY ZONE CAPTURED @0.7350 - PAIR REACTS TO KEY R/S LEVEL CAPTURED @0.7350 - PAIR SHOWS BEARISH SHARK PATTERN - PAIR IS OVERBOUGHT (USING RSI INDICATOR) Just two possible target levels to achieve are seen highlighted in rectangular...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) WHY SELL CADJPY? - PAIR SHOULD REACT TO THE 50-EMA ON D1 TIME FRAME - KEY R/S LEVELS AHEAD @87.20-87.70 - PAIR SHOWS BEARISH ALTERNATE BAT PATTERN ON H4 - PAIR IS OVERBOUGHT (USING RSI INDICATOR) It's good to layer once there is a bearish confirmation below @87.00. Key R/S...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) WHY BUY CHFJPY? - PAIR BOUNCES OFF KEY DEMAND ZONE @117.50/70 - PAIR FINDS SUPPORT AT KEY S/R LEVEL @117.50/70 - INVERSE HEAD-AND-SHOULDER PATTERN SETUP SPOTTED ON H1/H4 - PAIR RETESTS NECKLINE OF PATTERN AND ESTABLISHES SUPPORT THERE (ABOVE @118) -INCOMING HIGH IMPACT NEWS THIS...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) WHY BUY GBPUSD? - SETUP IS LIKELY AN M - FORMATION OR A BULLISH SHARK PATTERN - KEY SUPPORT AND DEMAND ZONE AT 1.36 - MEASURED OBJECTIVE OF PATTERN ALREADY COMPLETED OR NEAR COMPLETION - FOMC AND FEDS RATE OUTCOME MAY BE BEARISH ON USD AFTERWARDS TODAY It's good to layer buy...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) KEY REASONS FOR FURTHER SELLING NZDJPY: PAIR TESTING A DESCENDING CHANNEL TOP POSSIBLE LIQUIDITY GRAB SPOTTED PAIR REJECTED AT KEY S/R LEVELS @78.60 AND @78.00 AND THE SELLS OFF ***JPY PAIRS SELLING OFF IN THE MEANTIME - RISK-OFF MARKET MOOD NB: This sell position is already in...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) KEY REASONS FOR STILL SELLING GOLD: ASSET REJECTED AT KEY S/R LEVEL @1830 ASSET SOLD OFF AT KEY SUPPLY ZONE @1830 EQUAL HIGHS SPOTTED @1830 - A DOUBLE TOP SETUP BEARISH SETUP STILL MUCH ACTIVE ON D1 USD STRENGTHENS ACROSS BOARD, MAKING ***USD SELL OFF CURRENTLY NB: This sell...