Long-term and Short-term Setups
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Thread: Long-term and Short-term Setups

  1. #1

    Long-term and Short-term Setups

    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.

    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.

    free analysis.jpg

  2. #2
    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.

    free analysis.jpg

  3. #3
    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.

    AUDNZD Analysis.jpg

  4. #4
    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.

    free analysis.jpg

  5. #5
    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.


    free analysis.jpg

  6. #6
    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.

    free analysis.jpg

  7. #7
    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.

    free analysis.jpg

  8. #8
    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.

    free analysis.jpg

  9. #9
    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.

    FREE ANALYSIS CAD.jpg

    - - - Updated - - -

    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.

    free analysis NZD.jpg

  10. #10
    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.

    freeanalysis.jpg

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