trendtraderbulls_fx

trendtraderbulls_fx

Hello traders, this is my gbpusd short idea, a possible swing trade for the week. Bears are currently in control as price is bearish.

trendtraderbulls_fx

This pair has printed a lower high which provides a sell setup for bears.

trendtraderbulls_fx

Price is moving in a bullish channel and he market is technically bullish after a series of higher highs and higher lows. Bulls will look for opportunities to buy the dip.

trendtraderbulls_fx

This pair shows that price is moving to the upside after bulls bought the dip, if GBP gets weaker than we could see this pair move to north.

trendtraderbulls_fx

The pair on this chart indicates that an inverse head & shoulder reversal pattern has been printed. Price than moved to the upside and retraced back to the previous resistance level which is now role reversal support. Bulls will look to buy the dip as this could potentially be the beginning of a bullish trend.

trendtraderbulls_fx

This hourly chart shows that price is bearish and currently printed a lower high at the time of writing. Bears will look at this as an opportunity to sell with price being at role reversal resistance.

trendtraderbulls_fx

This chart indicates that the market is bearish and bears are selling lower high pullbacks, if you are a bear this is an opportunity to go short

trendtraderbulls_fx

Taking a look at this pair we see that price has printed a higher low which predicts a higher high. Price is trading in a bullish channel, and if it respects the channel than its possible to see this pair move to the upside. Fundamentally the Switzerland’s central bank, SNB, kept policy settings unchanged (benchmark rate -0.75%) and continued to stress their...

trendtraderbulls_fx

The H4 chart also shows that price is setting up for bearishness after price broke through the bullish channel to the downside and printing a lower low and a lower high. The trendline is currently acting as resistance for price and a possible sell opportunity for bears.

trendtraderbulls_fx

A look at the daily chart of EURAUD. Price has failed to continue the upside bullish momentum after finding near term resistance @ 1.6230. A head and shoulder pattern seems to be forming with price currently in the process of printing the right shoulder. If resistance is respected than bears will look to push price to the downside, and a break of the neckline...