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AUDJPY: Very Bearish Outlook 🇦🇺🇯🇵 AUDJPY looks very bearish to me: after a strong bearish wave, the pair was consolidating within a narrow horizontal trading range on a daily. Yesterday, the price finally broke and closed below that. I believe that it will push the market to the next support. Target - 90.55 For entries, consider an occasional retest. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
2
EURCAD: Very Bullish Outlook 🇪🇺🇨🇦 One more breakout that I spotted today is a bullish violation of a horizontal supply zone and a major falling trend line on EURCAD. Forming a high momentum bullish candle, the market successfully closed above them both. I think that it will trigger a further bullish continuation. Next resistances: 1.358 / 1.368 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
2
EURUSD: Detailed Structure Analysis 🇪🇺🇺🇸 A lot of questions about EURUSD. Here is my latest structure analysis and key levels to watch for you: Analyzing a monthly time frame, I spotted 0.94 - 0.96 historical support based on a price action of 2001 and 2002. On a daily time frame, a bit lower, we have a support line of a major falling parallel channel. The trend line and a monthly horizontal structure compose a solid demand zone from where the pair may bounce. Concerning the resistances, I see 0.986 - 0.99 horizontal resistance and a resistance line of a channel. They compose a supply area. Consider these structures for pullback / breakout trading. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
8
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:
Short
by fxtraderkristina