CharlieGunner

CharlieGunner

CADJPY is in a current uptrend. Fortunately, CADJPY has found and tested what seems to be a significant price level (a weekly resistance zone) and failed to break to the upside. Price then bounced off of the 83.585 support level so as to gain a bullish momentum to break through resistance, or retest resistance before plummeting. The latter is more likely to...

CharlieGunner

GBPAUD has been trading in a downtrend since April 2020 til it found a significant support area at 1.75000 in September 2020. Price then rallied to test the immediate resistance area, and then bounced back off the support area, breaking out of the downtrend to the upside, forming a rising on the D1 time frame. Price action is expected to be respected here, with...

CharlieGunner

EURNZD is at tanking a beautiful descending channel. Price is at a current support level and also testing the descending channel's support trend line. There's enough room for an upside movement, but for that price action to be a success, a simple condition has to be met. Assuming price closes above both support level and descending channel's support trend line,...

CharlieGunner

CADJPY has formed a rising wedge pattern, which is a typical bearish chart pattern. Price is currently testing resistance level and is expected to get rejected. A Doji is also spotted on the H4 time frame, which apparently, generally signals a reversal pattern for technical analysts. Conditions are satisfactory for a downside movement. Entry at 83.705, Stops at...

CharlieGunner

EURUSD Update... EURUSD played out as per our previous analysis and currently retesting the weekly resistance zone. I expect price to get rejected from the upside again, giving the pair a probable move to the downside. With that taken into consideration, same price points as previous setup will apply. Entry Point 1.21500, Stops at 1.22000 and Target...

CharlieGunner

NZDUSD in an uptrend and recently broke through a daily support level. This pair seems to be rallying to test highs it hasn't seen since April 2018. I expect price to close above 0.73200 resistance zone (making this an appropriate entry point) turning it into support, giving NZDUSD enough momentum to test the 0.74500 resistance zone. Entry point 0.73200, SL...

CharlieGunner

EURUSD is tanking within a clean parallel channel. EURUSD is currently testing the channel's resistance trend line, a descending trend line from January 2021, and an overall resistance region (1.21500) where the pair has rejected price multiple times. With that in perspective, price is expected to drop after the current resistance level test and rejection. Entry...

CharlieGunner

AUDUSD trade idea update. The pair has successfully broken out of a descending channel to the upside, currently testing a resistance level. Price is expected to retest the descending channel from the upside, to gain enough momentum for the upside continuation. Taking short positions with tight stops to 0.77000. If price goes in our favor and successfully retests,...

CharlieGunner

AUDCHF seems to be in an overall uptrend, with price currently lingering at a major resistance level forming a possible double top formation. This this could be the rejection to the upside to trigger our short position. Entry 0.69300, Stops at 0.69600 and Targets at 0.68800 & 0.68400. N.B. Trading ideas are subjective. Individual analysis advised.

CharlieGunner

GBPNZD is currently testing a significant resistance level, where it has been rejected multiple times and forced to tank to test support levels and probably gain a bullish momentum to break through the aforementioned resistance level. With previous price action in perspective, GBPNZD is expected to tank, at least to test the 1.90000 support level. Entry Point...

CharlieGunner

GBPUSD Update. GBPUSD broke out of the rising wedge to the downside and retested it. This should be a confirmation for short opportunities. Entry Point 1.38500, Stops 1.39000, Target 1.36500 N.B Trading ideas are subjective, individual analysis adviced.

CharlieGunner

AUDUSD Update. AUDUSD has been tanking in a descending channel from the 6th of January, bouncing off of the channel's support and resistance trend lines. The pair just recently broke out to the upside, currently testing a resistance level. Is this a fake out or a break out? Here, we wait for price to retest the descending channel from the upside and take long...

CharlieGunner

AUDJPY Update. AUDJPY has formed an ascending channel which it has been respecting for quite a while now. Seems this pair had faked out to the downside and rallied to test previous resistance (now turned support). AUDJPY is currently at the aforementioned support level (both the previous resistance level and the ascending channel's support trend line). A daily...

CharlieGunner

EURNZD has formed a double bottom pattern as it bounced off the 1.66500 support region twice. This signals a typical reversal to the upside. An entry point at this support level would've been appropriate with targets at 1.68500 and stops at 1.66000... Price is expected to rally to test the descending trend line so long positions are probable til that region before...

CharlieGunner

GBPUSD Update. Price broke out the rising wedge to the downside and rallied to restest the rising wedge and a significant resistance level. I am convinced that this is an ideal entry point for a short position. A specific entry point would be 1.37400, stops at 1.38000 and Target at 1.36000 N.B. Trading ideas are subjective. Individual analysis advised.

CharlieGunner

AUDUSD has been tanking in a descending channel from the 6th of January, bouncing off of the channel's support and resistance trend lines. The pair is currently testing the channel's resistance line. Here, we are waiting for a rejection. A daily close below the aforementioned resistance line is my confirmation for a short trade. I expect AUDUSD to respect the...

CharlieGunner

AUDJPY has been rallying in an ascending channel and seems it has broken out, and already retesting the ascending channel's support line. Taking short positions from 80.00 with stops at 81.00 and targets at 79.00 N.B. Trade idea subjective, further individual analysis advised.

CharlieGunner

EURGBP still hasn't broken out of the falling wedge yet. Possibilities are that the bulls are yet to take control of the situation and force price out of the wedge pattern or the pair is consolidating, gathering enough momentum to rally. A break to the upside of the wedge signals long opportunities. Entry at 0.88500 SL at 0.88000 and Targets at 0.89000 and...