1 (edited by TriciaWilson 2020-07-17 12:48:10)

Topic: Long-term and Short-term Setups

Hello Traders,
Iā€™m a pro with 7+ years of experience in the market. I want to help out retail traders. So, here I post some of my long-term and short-term setups and crisp points of the reasoning and my conclusion. Hope it benefits you.

EUR/JPY Technical Analysis

~~ The pair did a long accumulation in the form of an inverted head and shoulder pattern.
~~ It finally broke out and has been consolidating in an ascending triangle (continuation) pattern since then.
~~ Hence, we expect the pair to have a strong bull run when it breaks the resistance level of 122.5.

To view the chart, follow the link
https://www.tradingview.com/x/LjfZdNVr/

Re: Long-term and Short-term Setups

EUR/CAD Technical Analysis

~~ The counter has been formed a long base formation.
~~ Further, it could be interpreted as a correction after a strong impulse move.
~~ It has crossed the critical resistance level of 1.55279 and is consolidating above it.
~~ And the MACD indicator has turned bullish and is having good momentum.
~~ Hence, we expect the pair to be bullish in the short-term trading.

To view the chart, follow the link
https://www.tradingview.com/x/G2VOv1eB/

Re: Long-term and Short-term Setups

USD/JPY Technical Analysis
~~ The counter is currently at the strong support of a trendline, which could be contemplated as triangle pattern.
~~ According to the short-term waves, the counter has completed wave B of a bear cycle and is due for a wave C.
~~ Hence, we expect the pair to be bullish and head to higher to levels.

To view the chart, follow the link
https://www.tradingview.com/x/sSEARkme/

Re: Long-term and Short-term Setups

AUD/NZD Wave Analysis

** The counter is currently in a long-term bear cycle.
** It is currently in its second leg of wave B.
** Further, it resembles a flag formation and is coming down after hitting the upper parallel.
** Hence, we expect the pair to be bearish and move to the lower parallel from here.

Go to the link to view the chart
https://www.tradingview.com/x/YW26H2Hy/

Re: Long-term and Short-term Setups

EUR/USD Technical Analysis

~~ The counter is currently in a strong bull run.
~~ It is forming a parabolic pattern, which suggests further strong upmove is on the cards.
~~ Also, the pair is forming a bullish pennant pattern in the short-term charts.
~~ We expect it to surge sharply higher for the day.

Go to the link to view the chart
https://www.tradingview.com/x/qhNKGtw5/

Re: Long-term and Short-term Setups

EUR/AUD Technical Analysis
~~ The counter has broken two strong resistances back to back.
~~ One- bearish trendline.
~~ Two- Price resistance at 1.64427.
~~ It is having strong momentum and hence we expect it to reach higher levels sooner.

Go to the link to view the chart
https://www.tradingview.com/x/bKm9rTq6/

Re: Long-term and Short-term Setups

GBP/USD Wave Analysis

~~ The counter is currently in a short-term bull run.
~~ It is now consolidating within ranges to form wave 4.
~~ We expect the pair to move to the support zone (marked in the chart) and then head higher.

Go to the link to view the chart
https://www.tradingview.com/x/zImPmY4A/

Re: Long-term and Short-term Setups

EUR/USD Technical Analysis
~~ The counter is in a strong bull trend.
~~ It consolidated for a brief period within a bullish flag and now has broken out.
~~ Further, it has formed an inverted head and shoulder pattern within the flag which indicates the absorption of selling pressure.
~~ Hence, we expect the counter to remain bullish in the short and near-term.

Go to the link to view the chart
https://www.tradingview.com/x/Bf3ncYwT/

Re: Long-term and Short-term Setups

EUR/CHF Wave Analysis
~~ The counter has completed a bear cycle and is due for a correction.
~~ It formed an inverted head and shoulder pattern in the lower timeframes and has broken out.
~~ Hence, we expect the counter to be bullish in the near-term.

Go to the link to view the chart
https://www.tradingview.com/x/YxuvC4rr/

Re: Long-term and Short-term Setups

CAD/JPY Wave Analysis
~~ It has recovered from the low with a strong V-shaped rally, which is a sign of reversal.
~~ Further, the could interpret it as an ABC correction.
~~ Hence, we expect the pair to trade with bullish bias from here.

Go to the link to view the chart
https://www.tradingview.com/x/zFo4Mqn0/

Re: Long-term and Short-term Setups

NZD/USD Technical Analysis
~~ The counter has broken down two critical supports.
~~ One- price action support level of 0.66128.
~~ Two- Bullish Trendline.
~~ It indicates the counter has changed its short-term to bearish and we advise traders to go short.

Go to the link to view the chart
https://www.tradingview.com/x/nmVbztkI/

Re: Long-term and Short-term Setups

USD/CHF Technical Analysis
~~ The counter is currently in sideways consolidation mode.
~~ It is currently in its lower end of the range and the short-term indicators show signs of oversold condition.
~~ Further, the wave interpretation deems a wave C move to the upper end of the range.
~~ Hence, we expect the pair to be bullish in the near-term.

Go to the link to view the chart
https://www.tradingview.com/x/tmiOAs6J/

Re: Long-term and Short-term Setups

EUR/USD Technical Analysis
~~ EUR/USD is currently in a corrective consolidation.

~~ It has completed the waves A and B and is now due for wave C.

~~ Further, the resistance of 1.19 proves to be a tough nut for the bulls and hence we expect the pair to retreat to the support.

Go to the link to view the chart
https://www.tradingview.com/x/VXCJoHnm/

Re: Long-term and Short-term Setups

AUD/USD Technical Analysis
~~ The counter has formed a gramophone pattern.
~~ It has hit the upper trendline and is coming down with strong momentum.
~~ We advise traders to go short when the pair breaks the support level of 0.71745 and expect a sell-off to lower trendline.

Go to the link to view the chart
https://www.tradingview.com/x/xoYziFbm/

Re: Long-term and Short-term Setups

NZD/USD Technical Analysis

~~ The resistance zone of 0.668-0.67 has been a tough nut for NZD/USD.
~~ It failed to cross it despite three valiant efforts and the one time it crossed it was rejected at higher levels.
~~ So, the bulls are running for cover and we expect the pair to head down to lower levels in search of support.

Go to the link to view the chart
https://www.tradingview.com/x/zXC9uoYF/

Re: Long-term and Short-term Setups

CAD/JPY Technical Analysis

~~ The counter has recovered from the lows with a strong V-shaped rally.
~~ It has now crossed a critical resistance level of 80.162.
~~ The structure resembles a bearish shark pattern and we expect the pair to rally to the completion zone for now.

Go to the link to view the chart
https://www.tradingview.com/x/TPckRIHL/

Re: Long-term and Short-term Setups

EUR/USD Technical Analysis

~~ The counter has been rising sharply from the low.
~~ The entire structure looks like a bearish cypher pattern.
~~ We expect the pair to face resistance at the reversal zone marked in the chart and move back to support level.

Go to the link to view the chart
https://www.tradingview.com/x/iQnRg3Y0/

Re: Long-term and Short-term Setups

GBP/USD Technical Analysis

~~ The counter is forming a descending triangle at the high.

~~ It made a fake-out at the resistive trendline and then sold off only to form a bearish flag pattern in the near-term.

~~ We expect the bearish flag to break down and the price to move to the short-term support zone.

Go to the link to view the chart
https://www.tradingview.com/x/I3SVVUU7/

Re: Long-term and Short-term Setups

AUD/USD Technical Analysis

~~ As we mentioned earlier, AUD/USD has formed a gramophone pattern.
~~It has now formed an inverted head and shoulder pattern the supportive trendline and has broken out.
~~ And the RSI indicator has also replicated the same pattern, which validates the strength in the counter.
~~ Further, the prices are now trading above a strong support level of 0.71727.
~~ Hence, we expect the pair to be bullish from here on.

Go to the link to view the chart
https://www.tradingview.com/x/RL6kNGay/

Re: Long-term and Short-term Setups

USD/CAD Technical Analysis

~~ The counter has been trading with a bearish bias for long.
~~ The down move can be plotted with a pitchfork and the pair is making its last leg of the move down.
~~ Hence, we advise traders to go long at the lower parallel.
~~ And the upswing has a great chance to break the upper end of the range.

Go to the link to view the chart
https://www.tradingview.com/x/qRaTJVHT/

Re: Long-term and Short-term Setups

EUR/USD Technical Analysis

~~ The counter has made a bullish breakout from the consolidation.
~~ It is now taking support and broken resistance, which is a powerful sign.
~~ Further, the consolidation can be interpreted as wave 4 and it is gonna make a move to wave 5.
~~ Hence, we expect the pair to be bullish in the near-term

Go to the link to view the chart
https://www.tradingview.com/x/w9II0dNR/

Re: Long-term and Short-term Setups

GBP/NZD Technical Analysis

~~ The counter has formed a topping out formation in the near-term.
~~ It made a double top and has broken a key support level of 1.99508.
~~ Further, the round number of 2.00 can act as psychological barrier in the near-term.
~~ Though a pullback to the top cannot be ruled out, we still expect the pair to be bearish in the near-term.

Go to the link to view the chart
https://www.tradingview.com/x/LbeDkc8y/

Re: Long-term and Short-term Setups

NZD/JPY Wave Analysis

~~ The counter is currently formed a flat ABC corrective wave.
~~ It broke out from a bear flag pattern, tested the broken support, and is now coming down with strong momentum.
~~ Hence, we expect the pair to be bearish in the near-term.


Go to the link to view the chart
https://www.tradingview.com/x/bPKIETSi/

Re: Long-term and Short-term Setups

EUR/JPY Technical Analysis

~~ The counter had multiple supports- trendline, bullish flag support and price action support.
~~ But it has broken all the levels and bulls are trapped big time.
~~ Hence, we expect some long unwinding move in the counter.

Go to the link to view the chart
https://www.tradingview.com/x/GI04NsjY/

Re: Long-term and Short-term Setups

NZD/USD Technical Analysis

~~ The counter is currently is descending channel pattern.
~~ It hit the lower parallel and bounced off with a ascending channel pattern.
~~ Hence, we expect the pair to trade with positive bias in the short-term.


Go to the link to view the chart
https://www.tradingview.com/x/oOA8pNUG/