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TriciaWilson
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Posts posted by TriciaWilson
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Date: 06.11.2020
Pair: EURUSD
Action: BUYOpen Price: 1.18374
Target Price: 1.18800
Stop Loss: 1.17800New Buy Order Placed @1.18374
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18 hours ago, TriciaWilson said:
Date: 05.11.2020
Pair: USDCHF
Action: SELLOpen Price: 0.90743
Target Price: 0.90000
Stop Loss: 0.91400New Sell Order Placed @0.90000
Signal USDCHF Closed at @0.90366 with 37 Pips profit.
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EUR/CHF Technical Analysis
~~ The counter has formed a dragon pattern.
~~ In a downtrend, it made a 38% retracement from the low and then rendered a false breakout.
~~ Further, it is on the verge of breaking out the trendline (a break validates it).
~~ Hence, we advise traders to be long in the counter once it crosses 1.730.
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Date: 05.11.2020
Pair: USDCHF
Action: SELLOpen Price: 0.90743
Target Price: 0.90000
Stop Loss: 0.91400New Sell Order Placed @0.90000
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~~ The counter has been consolidating in a sideways correction for the last few days.
~~ It could be interpreted as an ABC correction and the recent down move as wave B
~~ We expect the pair to find support in this zone head higher. -
EUR/USD Wave Analysis
~~ The counter had completed its long-term wave 4 with an ABC correction.
~~ It had bounced off from the lows strongly by crossing the resistance at 1.1706.
~~ Further, if the price sustains at a higher level for the day, it could be interpreted as a morning star formation.
~~ We expect the pair to race away to highs and complete the wave 5.
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EUR/GBP Technical Analysis
~~ The upside movement of the pair is capped by a bearish trendline.
~~ It attempted a breakout but fizzled out and the price action has formed an H&S pattern instead.
~~ Hence, we expect the pair to be bearish in the near-term.
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Date: 30.10.2020
Pair: AUDUSD
Action: BUYOpen Price: 0.70634
Target Price: 0.71500
Stop Loss: 0.69900New Buy Order Placed @0.70634
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EUR/USD Technical Analysis~~ As we suggested earlier the counter is in an ABC correction and pushed down at the resistance zone.~~Now, the bearish flag formation has also broken down, validating the wave C.~~ Hence, we expect the pair to be bearish in the short-term.
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Signal USDCAD closed at 1.32600 with 36 Pips profit and AUDUSD at 0.70513 with 43 Pips profit.
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EUR/USD Technical Analysis~~ As we suggested earlier the counter is in an ABC correction and pushed down at the resistance zone.~~Now, the bearish flag formation has also broken down, validating the wave C.~~ Hence, we expect the pair to be bearish in the short-term.
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Date: 29.10.2020
Pair: USDCAD
Action: BUY
Open Price: 1.33279
Target Price: 1.33900
Stop Loss: 1.32600
New Buy Order Placed @1.33279 -
NZD/USD Technical Analysis
~~The counter was in a consolidation phase after a solid down move.
~~ The consolidation resembles a bearish flag pattern.
~~ Further, the entire setup could be interpreted as a head and shoulder pattern.
~~ Hence, we expect the pair to be bearish in the near-term. -
Date: 28.10.2020
Pair: AUDUSD
Action: SELL
Open Price: 0.70952
Target Price: 0.70300
Stop Loss: 0.71500
New Sell Order Placed @0.70952 -
CHF/JPY Wave Analysis
~~ After completing a 5-wave bull cycle, the counter is currently in an ABC correction phase.
~~ It is now at a strong price action support zone and at the final stage of wave A.
~~ Hence, we expect the pair to be bullish in the near-term. -
Signal USDCAD Closed at 1.32128 with 34 Pips profit.
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USD/CAD Technical Analysis~~ The counter has bounced off strongly from the support 1.31, after trapping the bears with a fakeout.~~ Now, it has taken down a bearish trendline as well.~~Hence, we expect the pair to be bullish in the short-term.
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Date: 26.10.2020
Pair: USDCAD
Action: BUY
Open Price: 1.31783
Target Price: 1.32800
Stop Loss: 1.31000
New Buy Order Placed @1.31783
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AUD/CHF Wave Analysis
~~ After completing a bearish cycle, the counter is limping up to complete ABC correction.
~~ It is forming a wave A in the form of a bearish flag.
~~ We expect it to render a bearish breakout to form wave B.
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Date: 23.10.2020
Pair: NZDUSD
Action: BUY
Open Price: 0.66982
Target Price: 0.67500
Stop Loss: 0.66500
New Buy Order Placed @0.66982 -
EUR/USD Technical Analysis
~~ As we mentioned in our previous post, 1.18700 is a strong resistance for EUR/USD.
~~ Now, it has formed a head and shoulder pattern at the zone and is coming down strongly.
~~ The next support is only at 1.17500 and we expect a free ride to bears till then. -
AUD/USD Wave Analysis
~~ The counter is currently forming an ABC correction.
~~ It has completed the w and x waves of the wave B and is now moving up to form a wave y.
~~ Hence, we expect the pair to be bullish in the near-term.
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Hello Traders, Im 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.
Date: 21.10.2020
Pair: EURUSD
Action: BUYOpen Price: 1.18619
Target Price: 1.18900
Stop Loss: 1.18400New Buy Order Placed @1.18619
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USD/CHF Wave Analysis
~~ The counter is currently in an ABC correction.
~~ It is now in its final stage for wave B looking out for support.
~~ We expect the pair to find its support around the current price point and head higher.
Long-term and Short-term Setups
in Technical Analysis
Posted
USD/CHF Wave Analysis
~~ The counter has been in a downtrend since the start of this year.
~~ The price was consolidating in a narrow for the last few months which could be interpreted as wave 4 of Elliott wave.
~~ Now it is on the brink of rendering a bearish breakout.
~~ We expect it to breakdown and complete wave 5.