CharlieGunner

CharlieGunner

EUJPY has been rallying in an ascending channel since the 3rd of December 2020 til broke out the channel to the downside on the 14th of January 2021. It has since formed and completed a bearish harmonic pattern. This is a pair we can all watch as it plays out. An update setup will be posted soon.

CharlieGunner

EURCAD recently broke out of a descending channel to the upside. Price seems to be currently retesting the support level, trying to create enough room for an upside movement. Entry at 1.54500, Stops at 1.54000 and Target at 1.55500. N.B. Ideas are subjective, further individual analysis advised.

CharlieGunner

GBPUSD has formed a rising wedge pattern, which is a bearish chart pattern, so we'll be looking for short opportunities. Price is currently sitting at a support area (both rising wedge support line and horizontal support line). A break below the aforementioned support area and a close below such an area could be confirmation. Entry 1.36000, SL 1.37000, Targets...

CharlieGunner

NZDUSD has just recently formed a head and shoulder pattern, which is a typical bullish-to-bearish trend reversal. A Break below the neckline is expected, so we will be looking for short opportunities. Ideal entry point would be 0.71545, Stops at 0.71705 and Targets at 0.71150. N.B. Ideas are subjective, further individual analysis advised.

CharlieGunner

USDCAD just broke out of s descending channel to the upside, with current price level looking like a resistance zone. I expect to see USDCAD retesting the descending channel at the 1.26000 support zone, creating a bullish trend continuation. Entry 1.26000, Stops at 1.25500, Targets at 1.27500 and 1.28500 and 1.29500 respectfully. N.B Ideas are subjective, further...

CharlieGunner

I believe EURGBP is consolidating, gathering enough momentum to rally to the upside and breakout the falling wedge pattern with possible 1st target at 0.895. EURGBP may then tank to 0.883 support area before rallying to 0.899 to 0.900 resistance zone. This idea serves as an update to previous analysis.' N.B. Trading ideas are subjective, individual analysis adviced.

CharlieGunner

AUDJPY seems to be respecting the up trend, rally in an ascending channel. Price has recently bounced off our support lines (both horizontal and ascending channel trend line) and is expected to test resistance, possibly forming a triple top pattern. If that happens, we will be looking to short from that resistance level. In our current situation, I took long...

CharlieGunner

EURJPY has been ranging in an ascending channel since December 1st 2020 and price eventually broke out of the channel to the downside, with enough momentum to break through a significant price level, which, turns out to be a daily support level. EURJPY is testing a current support zone, yet to make price rejections. Entry Point: 125.000 SL: 124.500 TP:...

CharlieGunner

This serves as an updated analysis on EURGBP. According to my previous analysis, price was supposed to rally after testing a support level at 0.89300, but price went slightly below that, creating what I'd like to believe is a fake out. I've reanalyzed EURGBP and looks like it was coming off a double top formation with both negative and positive impulse moves,...

CharlieGunner

NZDUSD formed a head and shoulder pattern but instead of price breaking neckline to the downside it tested the right shoulder, creating a double top formation, gaining enough momentum to swing low. Price then broke below a major support level, turning it into a resistance level. I expect price to retest this newly established resistance level signaling a short...

CharlieGunner

AUDJPY in an overall uptrend has more than enough room to rally beyond 81.000 as price just turned previous resistance to support. Last impulse move was from the resistance level and is yet to test the ascending channel support line... If price breaks out to the downside, a pullback to the 79.750 region would make an appropriate entry point if daily close both...

CharlieGunner

EURGBP looking bearish, making a series of lower highs and lower lows, bouncing of the descending channel's resistance and support lines several times failing to breakout in either direction. Price is currently testing our previous major support level, with stochastics, rsi and cci all showing an oversold EURGBP creating room for an impulse move to the...

CharlieGunner

AUDCAD overall direction- uptrend. Price visibly bounced off the resistance level twice on the H1 time frame before breaking out of the ascending channel to the downside. Current move looks like a pull back, testing both the resistance level and the ascending channel, creating a pleasant entry point at 0.99000 with stops at 0.99350 to 99500 and targets at 0.98500...

CharlieGunner

Price bounced off resistance, and seems to have successfully formed a rising wedge pattern. Short position confirmation if you ask me (a rising wedge in an uptrend is considered a reversal pattern). We saw a fake out to the downside testing the 12500 support area. Price currently broke out the rising wedge to the downside to retest previous support and possibly...

CharlieGunner

GBPJPY revealing a potential bearish move. Price has recently formed a triple top formation and is currently at a strong resistance level. My approach would be as follows... Entry Point: Open Price SL: 141.500 TP1: 140.500 TP2: 139.500 TP3: 138.500

CharlieGunner

Nasdaq has been in an uptrend for a while now and just broke out of the ascending channel to the upside. Price is at a significant level. Looks like we found our resistance area but price may rally some more to test higher levels before tanking for a retracement. that pullback and a bounce off the support area (which is current resistance) confirms a buy order....

CharlieGunner

Gold has formed a bullish flag, which is a typical continuation pattern. Price has thus broken above the downtrend line and currently looking like a pullback, retesting the support area. I believe long positions are in order. Entry point 1850 SL: 1815 First target: 1888 Second target: 1901 Third target: 1920 Feel free to raise opinions. N.B. This is not...

CharlieGunner

Price is moving in a descending channel and just bounce off a significant support level breaking above the down trend trend line, presenting a long opportunity with a short term target at 104.890. The real catch though, is the short opportunity USDJPY may present from the 105.000 region. This is where I'll be taking my shorts, with targets at 104.600 and 104.000,...