weekendanalyst

weekendanalyst Updated 

USDCAD Timeframe: H4 Direction: Short Confluences for Trade: - Price at Resistance of MT Trendline (Since June 2018) - Price at Resistance of Asymmetric Triangle - Price at 78.6% Fibo Retracement levels - Stochastic Overbought momentum Suggested Trade: Entry @ Area of Interest 1.3055 - 1.3148 SL: 1.3233 TP: 1.2858 RR: Approx. 1.80 (Depending on Entry...

weekendanalyst Updated 

GBPNZD Timeframe: Daily Direction: Short Cofluences: - Top of Channel (Resistance) - Overlapping of Overbought Stochastics - Strong Bearish Candles - Fundamental (Uncertainty of Brexit continues) Entry: 2.0201 SL: 2.0554 TP1: 1.9675 TP 2: 1.9158 Risk : -354 pips Reward: +1043 pips Risk/Reward: 1:2.94 May the pips move in our favour! Good luck! :D

weekendanalyst Updated 

EURAUD Timeframe: H4 Direction: Short Cofluences: - Triple Top Resistance - H4 Short Term Trendline Broken - Crossover of 8EMA and 50EMA Trade Suggestion: Entry @ 1.6220 SL: 1.6375 TP1: 1.6013 TP 2:1.5886 Risk : -152 pips Reward: +334 pips Risk/Reward: 1:2.20 May the pips move in our favour! Good luck! :D

weekendanalyst Updated 

USDCNH Timeframe: H4 Direction: Short Confluences for Trade: - Around Resistance Line of Previous High - Stochastic Overbought momentum - Fundamentally, China has seem to be slowing moving towards a psychological level of 7.00.Currently, the previous high proves to provide some resistance and we can take this as a short term opportunity to short USDCNH....

weekendanalyst Updated 

AUDUSD Timeframe: 1D Direction: Long Confluences for Trade: - Asymmetric Triangle Breakout Likely - Close to Double Bottom Resistance Line at 0.7040 levels - Elliot Wave count looks complete and may start doing an ABC wave up You can be patient and await further confirmation for bullish candles before entering. Suggested Trade: Entry @ Area of...

weekendanalyst Updated 

GBPCHF Timeframe: 1D Direction: Short Confluences for Trade: - Bearish candle formations - Stochastic Overbought momentum - Breaking S/T Trendline & Currently at Resistance of M/T Trendline (since April 2018) - Fundamentally, Brexit uncertainty still remains in EU-UK negotiations; and even within UK government themselves. Suggested Trade: Entry @...

weekendanalyst Updated 

CHFJPY Timeframe: H4 Direction: Long Confluences for Trade: - Strong Bullish Engulfing Candle - Break of Trendline in H4 (Established since Sept 2018) - Hovering around 50% Fibo levels of previous uptrend move - Narrowing gap between 8EMA and 50EMA - SL Levels is placed below the M/T Trendline (since May 2018) and 61% Fibo levels of previous uptrend...

weekendanalyst Updated 

USDJPY Timeframe: 1D Direction: Short Confluences for Consolidation Period: - At support of Medium Term Trendline (established since March 2018) - Price action hovering at 61.8% Fibo line of Recent Highs and Lows - Overlapping of Oversold Stochastics Confluences to Watch for a Sell - Bearish candle formations - Stochastic Overbought momentum wanes (if...