Long-term and Short-term Setups

[TriciaWilson]

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.

 

[TriciaWilson]

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.
  

 

[cjac1027]

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.

looking forward to it

 

[TriciaWilson]

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.

 

[TriciaWilson]

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.

 

[TriciaWilson]

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.

 

[TriciaWilson]

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.

 

[TriciaWilson]

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.

 

[Giove21]

Excellent really clear and exhaustive analysis

 

[TriciaWilson]

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.

 

[olaglam]

this is highly appreciated thanks for your effort.

 

[Heknoid]

Hi Folks,

I've been using the impulse pullback method for quite a while. Have had great success using this manual method.

Have provided some details around the method that I use. This using MA indictors to provide crossover for short and long trades.

 

[benkal]

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.

Good stuff, keep sharing

 

[Heknoid]

@TriciaWilson

Do have any profitable EA's that you can recommend using?

Cheers

 

[TriciaWilson]

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.

 

[TriciaWilson]

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.

 

[TriciaWilson]

@TriciaWilson

Do have any profitable EA's that you can recommend using?

Cheers

Nope, i'm a bit old school. I do manual trading but i can recommend an indicator to you. It does help confirm the trend reversals for me. It's the Range Band Indicator.

 

[TriciaWilson]

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.

 

[Rixxx]

They look like great ideas! Thanks a lot for sharing them with us!

 

[TriciaWilson]

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.