Long-term and Short-term Setups


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.

AUD/USD Technical Analysis
~~ The counter has formed a gramophone pattern.
~~ It has hit the upper trendline and is coming down with strong momentum.
~~ We advise traders to go short when the pair breaks the support level of 0.71745 and expect a sell-off to lower trendline.


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freeanalysis
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.


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nzdusd
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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eurusd
AUD/JPY Wave Analysis

~~The counter is currently in a long-term corrective ABC structure.
~~ It has completed wave A and is consolidating in a box structure at the low.
~~ We expect it to break upside and move to form wave B.
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audjpy
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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eurgbp
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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eurusd