Tricia Wilson Posted July 15, 2020 Report Share Posted July 15, 2020 Hello Traders, I’m 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. RodrigoR7 1 Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted July 15, 2020 Author Report Share Posted July 15, 2020 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. RodrigoR7 1 Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted July 16, 2020 Author Report Share Posted July 16, 2020 (edited) 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. Edited July 16, 2020 by Tricia Wilson RodrigoR7 1 Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted July 17, 2020 Author Report Share Posted July 17, 2020 (edited) 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. https://www.tradingview.com/x/LjfZdNVr/ Edited July 17, 2020 by Tricia Wilson image RodrigoR7 1 Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted July 20, 2020 Author Report Share Posted July 20, 2020 (edited) 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. Edited July 20, 2020 by Tricia Wilson image Zingers and RodrigoR7 2 Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted July 22, 2020 Author Report Share Posted July 22, 2020 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. RodrigoR7 1 Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted July 23, 2020 Author Report Share Posted July 23, 2020 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. joshi_s_p and RodrigoR7 2 Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted July 24, 2020 Author Report Share Posted July 24, 2020 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. RodrigoR7 1 Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted July 27, 2020 Author Report Share Posted July 27, 2020 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. RodrigoR7 1 Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted July 28, 2020 Author Report Share Posted July 28, 2020 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. RodrigoR7 1 Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted July 29, 2020 Author Report Share Posted July 29, 2020 EUR/USD Technical Analysis ~~ The counter is in a strong bull trend. ~~ It consolidated for a brief period within a bullish flag and now has broken out. ~~ Further, it has formed an inverted head and shoulder pattern within the flag which indicates the absorption of selling pressure. ~~ Hence, we expect the counter to remain bullish in the short and near-term. RodrigoR7 1 Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted July 30, 2020 Author Report Share Posted July 30, 2020 EUR/CHF Wave Analysis ~~ The counter has completed a bear cycle and is due for a correction. ~~ It formed an inverted head and shoulder pattern in the lower timeframes and has broken out. ~~ Hence, we expect the counter to be bullish in the near-term. RodrigoR7 1 Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted August 3, 2020 Author Report Share Posted August 3, 2020 CAD/JPY Wave Analysis ~~ It has recovered from the low with a strong V-shaped rally, which is a sign of reversal. ~~ Further, the could interpret it as an ABC correction. ~~ Hence, we expect the pair to trade with bullish bias from here. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted August 3, 2020 Author Report Share Posted August 3, 2020 NZD/USD Technical Analysis ~~ The counter has broken down two critical supports. ~~ One- price action support level of 0.66128. ~~ Two- Bullish Trendline. ~~ It indicates the counter has changed its short-term to bearish and we advise traders to go short. RodrigoR7 1 Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted August 5, 2020 Author Report Share Posted August 5, 2020 USD/CHF Technical Analysis ~~ The counter is currently in sideways consolidation mode. ~~ It is currently in its lower end of the range and the short-term indicators show signs of oversold condition. ~~ Further, the wave interpretation deems a wave C move to the upper end of the range. ~~ Hence, we expect the pair to be bullish in the near-term. RodrigoR7 1 Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted August 6, 2020 Author Report Share Posted August 6, 2020 EUR/USD Technical Analysis ~~ EUR/USD is currently in a corrective consolidation. ~~ It has completed the waves A and B and is now due for wave C. ~~ Further, the resistance of 1.19 proves to be a tough nut for the bulls and hence we expect the pair to retreat to the support. RodrigoR7 1 Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted August 7, 2020 Author Report Share Posted August 7, 2020 AUD/USD Technical Analysis ~~ The counter has formed a gramophone pattern. ~~ It has hit the upper trendline and is coming down with strong momentum. ~~ We advise traders to go short when the pair breaks the support level of 0.71745 and expect a sell-off to lower trendline. RodrigoR7 1 Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted August 10, 2020 Author Report Share Posted August 10, 2020 NZD/USD Technical Analysis ~~ The resistance zone of 0.668-0.67 has been a tough nut for NZD/USD. ~~ It failed to cross it despite three valiant efforts and the one time it crossed it was rejected at higher levels. ~~ So, the bulls are running for cover and we expect the pair to head down to lower levels in search of support. Quote Link to comment Share on other sites More sharing options...
Guest Petar_Serbia Posted August 10, 2020 Report Share Posted August 10, 2020 Thanks for analysis Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted August 12, 2020 Author Report Share Posted August 12, 2020 CAD/JPY Technical Analysis ~~ The counter has recovered from the lows with a strong V-shaped rally. ~~ It has now crossed a critical resistance level of 80.162. ~~ The structure resembles a bearish shark pattern and we expect the pair to rally to the completion zone for now. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted August 13, 2020 Author Report Share Posted August 13, 2020 EUR/USD Technical Analysis ~~ The counter has been rising sharply from the low. ~~ The entire structure looks like a bearish cypher pattern. ~~ We expect the pair to face resistance at the reversal zone marked in the chart and move back to support level. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted August 14, 2020 Author Report Share Posted August 14, 2020 GBP/USD Technical Analysis ~~ The counter is forming a descending triangle at the high. ~~ It made a fake-out at the resistive trendline and then sold off only to form a bearish flag pattern in the near-term. ~~ We expect the bearish flag to break down and the price to move to the short-term support zone. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted August 17, 2020 Author Report Share Posted August 17, 2020 AUD/USD Technical Analysis ~~ As we mentioned earlier, AUD/USD has formed a gramophone pattern. ~~It has now formed an inverted head and shoulder pattern the supportive trendline and has broken out. ~~ And the RSI indicator has also replicated the same pattern, which validates the strength in the counter. ~~ Further, the prices are now trading above a strong support level of 0.71727. ~~ Hence, we expect the pair to be bullish from here on. https://www.tradingview.com/x/RL6kNGay/ Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted August 18, 2020 Author Report Share Posted August 18, 2020 USD/CAD Technical Analysis ~~ The counter has been trading with a bearish bias for long. ~~ The down move can be plotted with a pitchfork and the pair is making its last leg of the move down. ~~ Hence, we advise traders to go long at the lower parallel. ~~ And the upswing has a great chance to break the upper end of the range. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted August 19, 2020 Author Report Share Posted August 19, 2020 EUR/USD Technical Analysis ~~ The counter has made a bullish breakout from the consolidation. ~~ It is now taking support and broken resistance, which is a powerful sign. ~~ Further, the consolidation can be interpreted as wave 4 and it is gonna make a move to wave 5. ~~ Hence, we expect the pair to be bullish in the near-term Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.