Long-term and Short-term Setups

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Thread: Long-term and Short-term Setups

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    Default Long-term and Short-term Setups

    Long-term and Short-term Setups
    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.

    AUD/NZD Technical Analysis

    ~~ The counter has been on a selling spree for the last 3 months.
    ~~ Now, it has broken down a critical support level of 1.05620 and retested it, validating the breakdown.
    ~~ Hence, we expect the pair to weaken further from here.



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    USD/CAD Technical Analysis

    ~~ The counter is currently hovering around long-term support of 1.3000.
    ~~ Though the price action has been able to marginally breakdown, it is not able to follow through.
    ~~ Further, the stochastic indicator has made a bullish crossover from the oversold zone in the 8-h chart.
    ~~ Hence, we expect the bulls to push the pair to higher levels from here.



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    NZD/USD Technical Analysis
    ~~ The counter has been in a strong uptrend in the long-term charts.
    ~~ In the short-term charts, it is moving up in an ascending channel.
    ~~ Further, it is currently at the lower parallel and hence it's a good time to go long.


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    EUR/AUD Technical Analysis
    ~~ The counter is currently in a bearish flag formation.
    ~~ It has formed a good base at the lower parallel and is ripe for a rally.
    ~~ Hence, we expect the pair to be bullish and move to the upper parallel from here.



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    GBP/JPY Technical Analysis
    ~~ The counter has been in an ascending triangle formation.
    ~~ Now, the range is narrowing and the pair is in a make or break situation.
    ~~ We expect the pair to render a bullish breakout, however, we advise traders to go long only above 140.341.

    GBPJPY.jpg

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    GBP/CAD Technical Analysis

    ~~ As we suggested earlier in our premium analysis, the counter has formed a bearish flag formation.
    ~~ It has now broken down with a strong volume candle.
    ~~ Hence, we expect the pair to move down to lower support levels.



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    EUR/JPY Wave Analysis

    ~~ The counter is currently in a short-term bull cycle.
    ~~ It is now in a consolidation phase which could be termed as wave 4.
    ~~ We expect the pair to surge to the high to complete wave 5.


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    EUR/USD Technical Analysis

    ~~ The counter is currently forming a bullish flag pattern.
    ~~ It is now sliding down to the support zone placed around 1.2000.
    ~~ The support zone presents a good buying opportunity, however, if you are a risk-averse trader, we advise you to go long after it crosses the resistance at 1.21322.


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    GBP/NZD Technical Analysis

    ~~ The counter has broken down a head and shoulder pattern.
    ~~ The pattern is right inclined which portrays extreme negativity in the counter.
    ~~ Hence, we expect the pair to be bearish in the short-term.


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    in ro ham eslah kon:
    USD/CHF Technical Analysis

    ~~ The counter has been sliding down in a descending channel formation.
    ~~ It is now consolidating in a bear flag pattern and closing in on the upper parallel.
    ~~ We expect the pair to find resistance around here and then continue its downside.


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