Long-term and Short-term Setups

forex live trades, setups, charts

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TriciaWilson
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Re: Long-term and Short-term Setups

Postby TriciaWilson » Thu Dec 03, 2020 2:06 pm

EUR/AUD Technical Analysis
~~ The counter is currently in a bearish flag formation.
~~ It has formed a good base at the lower parallel and is ripe for a rally.
~~ Hence, we expect the pair to be bullish and move to the upper parallel from here.

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TriciaWilson
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Re: Long-term and Short-term Setups

Postby TriciaWilson » Mon Dec 07, 2020 10:14 am

GBP/CAD Technical Analysis

~~ As we suggested earlier in our premium analysis, the counter has formed a bearish flag formation.
~~ It has now broken down with a strong volume candle.
~~ Hence, we expect the pair to move down to lower support levels.

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TriciaWilson
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Re: Long-term and Short-term Setups

Postby TriciaWilson » Tue Dec 08, 2020 1:24 pm

EUR/JPY Wave Analysis

~~ The counter is currently in a short-term bull cycle.
~~ It is now in a consolidation phase which could be termed as wave 4.
~~ We expect the pair to surge to the high to complete wave 5.


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TriciaWilson
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Re: Long-term and Short-term Setups

Postby TriciaWilson » Thu Dec 10, 2020 1:01 pm

EUR/USD Technical Analysis

~~ The counter is currently forming a bullish flag pattern.
~~ It is now sliding down to the support zone placed around 1.2000.
~~ The support zone presents a good buying opportunity, however, if you are a risk-averse trader, we advise you to go long after it crosses the resistance at 1.21322.

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TriciaWilson
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Re: Long-term and Short-term Setups

Postby TriciaWilson » Fri Dec 11, 2020 1:41 pm

GBP/NZD Technical Analysis

~~ The counter has broken down a head and shoulder pattern.
~~ The pattern is right inclined which portrays extreme negativity in the counter.
~~ Hence, we expect the pair to be bearish in the short-term.

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TriciaWilson
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Re: Long-term and Short-term Setups

Postby TriciaWilson » Tue Dec 15, 2020 1:56 pm

USD/CHF Technical Analysis

~~ The counter has been sliding down in a descending channel formation.
~~ It is now consolidating in a bear flag pattern and closing in on the upper parallel.
~~ We expect the pair to find resistance around here and then continue its downside.

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TriciaWilson
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Re: Long-term and Short-term Setups

Postby TriciaWilson » Wed Dec 16, 2020 2:02 pm

EUR/USD Technical Analysis

~~ The counter has broken out of a deep consolidation.
~~ Technically, it could be interpreted as a pennant formation and box formation.
~~ Both signify deep consolidation and hence the pair has legs for a further bull run in the short-term.

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TriciaWilson
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Re: Long-term and Short-term Setups

Postby TriciaWilson » Thu Dec 17, 2020 2:06 pm

GBP/USD Technical Analysis
~~ The counter has formed a cup and handle pattern in the long-term charts.
~~ There might be some consolidation in the near-term.
~~ We expect the pair to be extremely bullish in the near-term.

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TriciaWilson
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Re: Long-term and Short-term Setups

Postby TriciaWilson » Thu Dec 24, 2020 1:46 pm

USD/CHF Technical Analysis
~~ The counter has found support at the lows.
~~ It is forming a base in the form of an inverted head and shoulder pattern.
~~ We expect the pair to soar when it crosses above the neckline. Hence, buy only above 0.89200.

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TriciaWilson
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Re: Long-term and Short-term Setups

Postby TriciaWilson » Mon Dec 28, 2020 12:18 pm

EUR/USD Wave Analysis

~~ The counter is currently in a 3-wave bear cycle.
~~ Now, it has completed its wave B and is poised to commence its wave C.
~~ The engulfing bearish candle has marked the beginning of wave C and hence we expect the pair to be bearish in the near-term.


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