Harmonictraders
NZDCAD PULLBACK COMPLETE BEFORE BEARS TAKE OVERPair: NZDCAD
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, descending triangle, pennant pattern, trend channel
—————
Key Takeaway: Seen a major pullback to resistance today and we are now starting to see some bearish momentum with the latest candle. We need a push through the next level of support to be clear for a bear run
—————
Level needed: need a close by 0.79735
—————
Trade: Short
RISK:REWARD 1:5
SL: 15
TP: 70
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
EURNZD MAJOR BOUNCE OFF RESISTANCE INBOUND!!!Pair: EURNZD
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle, pennant pattern
—————
Key Takeaway: price has been consolidating by the top of this pennant / resistance / high volume level all day which means we are defo in time to short before the bounce
—————
Level needed: need a close by 1.62455
—————
Trade: Short
RISK:REWARD 1:4
SL: 50
TP: 250
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
GBPJPY PENNANT PATTERN BOUNCE Pair: GBPJPY
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pattern pattern
—————
Key Takeaway: UK is going to a recession as it is so we should have a bearish bias for any pairs wit GBP as base currency. Here we have touched the top resistance of pennant and dynamic resistance so should see a bounce sooner or later
—————
Level needed: need a close by 161.848
—————
Trade: Short
RISK:REWARD 1:6
SL: 40
TP: 240
—————
DO NOT ENTER O:UR SETUPS WITHOUT CONFIRMATION
AUDCAD HEAD AND SHOULDERS SELLING LEVEL Pair: AUDCAD
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pattern pattern, head and shoulder pattern
—————
Key Takeaway: Approaching significant level of resistance in the second shoulder of our head and shoulder pattern. Seeing bullish momentum for CAD which is likely to bring this pair bearish
—————
Level needed: need a close by 0.90140
—————
Trade: Short
RISK:REWARD 1:5
SL: 20
TP: 101
—————
DO NOT ENTER O:UR SETUPS WITHOUT CONFIRMATION
CADJPY ASCENDING TRIANGLE BREAKOUTpair: CADJPY
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle pattern
—————
Key Takeaway: seen alot of consolidation for this pair and alot of fakeouts from resistance, we are hoping for a push through this level to see a bullish swing that we can take advantage of
—————
Level needed: need a close by 105.915
—————
Trade: Long
RISK:REWARD 1:6
SL: 14
TP: 155
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
THE BEST PLACE TO BE SHORTING GBPNZDPair: GBPNZD
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, trend channel
—————
Key Takeaway: GBP has significant weakness as it is and have been down trending for some time. We have just bounced off the top of the trend channel, high volume level and rounded number level which tells us we are in for another bearish swing
—————
Level needed: need a close by 1.90325
—————
Trade: Short
RISK:REWARD 1:4
SL: 40
TP: 150
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
THE WAIT FOR EURJPY BREAKOUTPair: EURJPY
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pattern pattern
—————
Key Takeaway: We are expecting price to drop through the bottom of our pennant pattern but also open to the possibility of a push upward, we most likely will have a bounce of resistance and then a drop
—————
Level needed: need a close by —
—————
Trade: Neutral
RISK:REWARD —
SL: —
TP: —
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION