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  1. #1
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    Long-term and Short-term Setups

    Hello Traders,
    Iím a pro with 7+ years of experience in the market. I want to help out retail traders. So, here I post some of my long-term and short-term setups and crisp points of the reasoning and my conclusion. Hope it benefits you.

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  3. #2
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    EUR/GBP Wave Analysis

    ~ After dismal data from Britain, EUR/GBP was off to the flyers yesterday.
    ~ It could be interpreted as a wave pattern and is now forming wave 4.
    ~ Further, it is close to a congestion zone which could act as strong support.
    ~ Hence, we expect the pair to be bullish in the near-term.


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  5. #3
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    GBP/JPY Wave Analysis

    ~~ After a strong bull run, the counter is currently in corrective (ABC) mode.
    ~~ It has completed wave A and is forming its final leg of wave B.
    ~~ It is now up against a resistive trendline and a break above it can take it higher.
    ~~ Hence, we advise traders to initiate long positions only when an hourly candle closes above the trendline.
    Last edited by Tricia Wilson; 07-16-2020 at 03:28 PM.

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  7. #4
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    EUR/JPY Technical Analysis

    ~~ The pair did a long accumulation in the form of an inverted head and shoulder pattern.
    ~~ It finally broke out and has been consolidating in an ascending triangle (continuation) pattern since then.
    ~~ Hence, we expect the pair to have a strong bull run when it breaks the resistance level of 122.5.

    Last edited by Tricia Wilson; 07-17-2020 at 11:01 AM. Reason: image

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  9. #5
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    EUR/CAD Technical Analysis

    ~~ The counter has been formed a long base formation.
    ~~ Further, it could be interpreted as a correction after a strong impulse move.
    ~~ It has crossed the critical resistance level of 1.55279 and is consolidating above it.
    ~~ And the MACD indicator has turned bullish and is having good momentum.
    ~~ Hence, we expect the pair to be bullish in the short-term trading.

    Last edited by Tricia Wilson; 07-20-2020 at 01:53 PM. Reason: image

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  11. #6
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    USD/JPY Technical Analysis
    ~~ The counter is currently at the strong support of a trendline, which could be contemplated as triangle pattern.
    ~~ According to the short-term waves, the counter has completed wave B of a bear cycle and is due for a wave C.
    ~~ Hence, we expect the pair to be bullish and head to higher to levels.


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  13. #7
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    AUD/NZD Wave Analysis

    ** The counter is currently in a long-term bear cycle.
    ** It is currently in its second leg of wave B.
    ** Further, it resembles a flag formation and is coming down after hitting the upper parallel.
    ** Hence, we expect the pair to be bearish and move to the lower parallel from here.


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  15. #8
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    EUR/USD Technical Analysis

    ~~ The counter is currently in a strong bull run.
    ~~ It is forming a parabolic pattern, which suggests further strong upmove is on the cards.
    ~~ Also, the pair is forming a bullish pennant pattern in the short-term charts.
    ~~ We expect it to surge sharply higher for the day.


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  17. #9
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    EUR/AUD Technical Analysis
    ~~ The counter has broken two strong resistances back to back.
    ~~ One- bearish trendline.
    ~~ Two- Price resistance at 1.64427.
    ~~ It is having strong momentum and hence we expect it to reach higher levels sooner.


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  19. #10
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    GBP/USD Wave Analysis

    ~~ The counter is currently in a short-term bull run.
    ~~ It is now consolidating within ranges to form wave 4.
    ~~ We expect the pair to move to the support zone (marked in the chart) and then head higher.



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