Swingtrader
NZDUSD - bearish bias confirmed?Hello everyone & let's have a profitable Monday! :))
This setup looks very promising based on price action and fundamental data. NZDUSD is looking very bearish on the higher time frames and is currently attempting to make a new low on the monthly as well as on the daily time frames. We broke past all the moving averages on the 4-hour and on the 1-hour. We also have a new low plus the closure of a bearish engulfing candlestick, which is a strong indication to confirm bearish bias. As a cherry on top, the NZD is being sold off against the USD, so as I said-this setup looks good for a further drop down. :relaxed: :fire:
EURUSD: Update & Bearish Bias 🇪🇺🇺🇸
As I predicted, EURUSD has perfectly respected the confluence zone based on a resistance line
of a major falling parallel channel and a horizontal structure.
Even though the pair remains quite weak the last few days,
I remain very bearish biased and assume that the pair will manage to reach 0.9905 low soon.
Once it is reached, I will post un update again!
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CADCHF Swing SHORT + 150 PipsWelcome back! Let me know your thoughts in the comments!
**CADCHF - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
EURNZD 1H Chart, Bearish DirectionWe have a large Supply Zone sitting higher, but i believe in order to reach it we need to have a pullback and grab some liquidity before it makes the final push up. A nice 1H Supply was created here and tested with a rejection pinbar. I am shorting from the pinbar and hope to see it fall more. I've got a 45pip stop and targeting a 1:3RR.
AUDCHF: Important Breakout 🇦🇺🇨🇭
AUDCHF broke and closed below a key daily demand area last week.
The broken structure turned into a resistance now.
I will expect a bearish move to 0.6515 level now.
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Please, support my work with like, thank you!❤️
NZDCHF: Classic Trend-Following Setup 🇳🇿🇨🇭
Hey traders,
NZDCHF is trading in a long-term bearish trend.
After a strong bearish impulse in June, the market started to consolidate within a horizontal trading range.
Its support was finally broken yesterday.
I believe that it will trigger a trend-following move.
Next support - 0.58
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Please, support my work with like, thank you!❤️
GBPUSD: Key Support Ahead! 🇬🇧🇺🇸
As I predicted, GBPUSD dropped sharply last week.
Ahead is a strong confluence zone:
I see a perfect match between a horizontal weekly support based on the 2 years' low,
major falling trend line and a completion point of a harmonic abcd pattern.
I believe that the pair will start a correctional movement soon.
Closest resistances 1.16 / 1.17
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️