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GBPCAD approaching a top. Sell opportunity.
- February 17, 2022
- Posted by: Tradingshot Articles
- Category: Forex
No CommentsGBPCAD has been trading within a Channel Down pattern since the February 24 2021 High. That was the first of a series of Lower Highs. Right now the 1D RSI is approaching its multi-year Resistance level, same way the pair is approaching the top (Lower Highs trend-line) of the Channel Down. The very same
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GBPCHF Sell signal: Lower High and 1D MA200 rejection
- February 15, 2022
- Posted by: Tradingshot Articles
- Category: Forex
GBPCHF has been trading within a Bearish Megaphone pattern almost since the start of 2021. At the moment it is trading sideways for more than a week in a row but even though it has tested the 1D MA200 (orange trend-line) on multiple occasions, it has failed to close a 1D candle above it
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GBPUSD Two month trading plan
- February 7, 2022
- Posted by: Tradingshot Articles
- Category: Forex
GBPUSD has formed an Inverse Head and Shoulders pattern on the 1D time-frame, which is technically a formation ahead of a bullish reversal. Before declaring a categorical long-term bullish shift, there are various Resistance levels to consider. First, as long as the Lower Highs trend-line since the July 30 2021 High is holding, which
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CADJPY Buy Signal with structured targets
- February 3, 2022
- Posted by: Tradingshot Articles
- Category: Forex
CADJPY has been trading on a Fibonacci Channel ever since the March 2020 COVID fueled market bottom. The bullish trend that followed has been gradually making Higher Highs on the next Fibonacci extension. Currently the last two Highs have been on the Fib 2.0 extension. The Support Zone of this pattern is constructed by
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AUDCAD made a bottom and is targeting the 1D MA200.
- February 1, 2022
- Posted by: Tradingshot Articles
- Category: Forex
Pattern: Bearish Megaphone on the 1D time-frame. Signal: Buy as the price hit the bottom (Lower Lows trend-line) of the Megaphone while the 1D MACD is about to print a Bullish Cross, which since August has signaled a rise. Target: The 1D MA200 with a rough projection at 0.9200. Tradingview link: https://www.tradingview.com/chart/AUDCAD/6qlcLz6j-AUDCAD-made-a-bottom-and-is-targeting-the-1D-MA200
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CHFJPY Buy Signal
- February 1, 2022
- Posted by: Tradingshot Articles
- Category: Forex
Pattern: Channel Up on the 1D time-frame since early 2020. Signal: Buy as long as the 1D MA150 (red trend-line) is supporting. Before the September market bottom (Higher Low), the 1D MA150 has been in Support for 1 year and 100 days. A MACD Bullish Cross should confirm the rise. Target: 128.000 (just below
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EURJPY Buy opportunity on Higher Lows
- January 28, 2022
- Posted by: Tradingshot Articles
- Category: Forex
EURJPY has been trading within a long-term Channel Down since the June 01 2021 market top. Since January 05 2022 it has seen a strong downfall within this wide pattern but this week could have found Support on this internal Higher Lows trend-line (dashed) as it turned sideways. The 1D MA50 (blue trend-line) is
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NZDUSD approaching a buy zone
- January 24, 2022
- Posted by: Tradingshot Articles
- Category: Forex
NZDUSD has been trading within a Channel Down since the start 2021. The RSI on the 1D time-frame has successfully provided very accurate buy signals within a zone that is currently very close to. The price itself is approaching the bottom (Lower Lows trend-line) of this long-term Channel Down and it resembles (also on
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EURGBP All conditions filled for a rise
- January 24, 2022
- Posted by: Tradingshot Articles
- Category: Forex
EURGBP has been trading within a Channel Down since April 2021. Last Thursday, the price touched the bottom (Lower Lows trend-line) of that Channel and Friday posted a strong green 1D candle. This also formed a Bullish Cross on the 1D MACD. Every time the price reverses near the Lower Lows trend-line of the
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GBPUSD Why it is still a sell for the year 2022
- December 29, 2021
- Posted by: Tradingshot Articles
- Category: Forex
This is a (very) long-term chart of GBPUSD on a multi-decade long basis on the 1M time-frame, as I want to make a clear case why, despite of December’s rise, the pair will remain a ‘sell’ during the majority at least of 2022. I’ve plotted the Sine Waves to illustrate the sense of long-term