Long-term and Short-term Setups

FTMO Trader Scouting

TriciaWilson

Well-Known Member
CAD/CHF Technical Analysis

~~ The counter has consolidated and formed a base at the lower.
~~ It could be interpreted as multiple inverted and shoulder patterns.
~~ Now, the pattern has broken out and hence we expect the pair to be bullish in the short-term.

CADCHF.png
 

TriciaWilson

Well-Known Member
EUR/USD Technical Analysis
  • The hope (virus cure) rally has fizzled out.
  • The pair hit the rang top, formed a head and shoulder pattern, and has broken down now.
  • We expect the pair to hit the lower end of the range in the next few sessions.

eurusd_analysis_11.png
 

TriciaWilson

Well-Known Member
GBP/JPY Technical Analysis

~~ The counter has been consolidating within a bearish flag pattern after the deep slide.
~~ It hit the upper parallel of the pattern and then made a strong sell-off.
~~ We expect the pair to move lower and break down in the short-term.

GBPJPY.png
 

TriciaWilson

Well-Known Member
EUR/AUD Wave Analysis

~~ The counter is correcting in an ABCDE formation.
~~ It has completed wave D and is taking support at the trendline.
~~ We expect the pair to move higher to complete wave E.

EURAUD.png
 

TriciaWilson

Well-Known Member
NZD/USD Wave Analysis

~~ The counter has completed a 5-wave bull cycle.
~~ It is now poised to make an ABC correction and break below the support 0.68655 validates it.
~~ Hence, we advise traders to go short after the support breaks.

NZDUSD.png
 

TriciaWilson

Well-Known Member
USD/JPY Technical Analysis

~~ USD/JPY made a strong impulse move two weeks before.
~~ But the rally fizzled out at the high and since then the pair is retracing its move.
~~ Now, it has found support around the 103.7 mark.
~~ A move beyond the resistance 104.2 can invite bulls once again in this counter and hence we advise traders to go long as soon as the pair breaks above it.

USDJPY.png
 

TriciaWilson

Well-Known Member
USD/CHF Technical Analysis

~~ The counter has been coiling within a 300 pip range.
~~ Now, it is at the lower end of the range and taking support.
~~ We expect the pair to head higher to the upper end of the range.
 

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  • USDCHF.png
    USDCHF.png
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TriciaWilson

Well-Known Member
EUR/GBP Technical Analysis

~~ The counter has been in a steady decline for the last 3 months.
~~ Now, it has hit a strong support level which could trigger some profit booking.
~~ Further, the stochastic indicator has given a buy signal by crossing over from the oversold zone.
~~ Hence, we expect the pair to be bullish in the short-term.

EURGBP.png
 

TriciaWilson

Well-Known Member
AUD/CHF Wave Analysis

~~ The counter has been in a 5-wave bull cycle.
~~ Now, it is in the wave 4 phase which results in a bearish correction.
~~ Hence, we expect the pair to be bearish in the near-term.

AUDCHF.png
 
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