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.

EUR/JPY Technical Analysis

~~ The counter has made a retest of the broken head and shoulder neckline.
~~ It has made the retracement in the form of a bearish flag and has broken down from it.
~~ Further, it has crossed critical support of 123.9 and hence we expect the pair to be bearish in the short-term.

NZD/USD Technical Analysis

~~ The counter has formed a double top pattern in the short-term.
~~ Further, it has broken down with a strong bearish candle.
~~ The formation interpreted a solid distribution around 0.667 levels.
~~ Hence, we expect the pair to slide down from here.

BTC/USD Wave Analysis

~~ Bitcoin has been in a bullish correction for the last few days.
~~ The limping move to the upside could be interpreted as wave B.
~~ Now, we expect a wave C move to the downside.

EUR/USD Wave Analysis

~~ The counter is currently forming an ABC correction.
~~ It is now in its second leg which is of the wxy wave form.
~~ Now, the pair is making a bullish move to complete the wave y and hence we expect the pair to be bullish in the near-term.

USD/CHF Wave Analysis

~~ The counter is currently in an ABC correction.
~~ It is now in its final stage for wave B looking out for support.
~~ We expect the pair to find its support around the current price point and head higher.

AUD/USD Wave Analysis

~~ The counter is currently forming an ABC correction.
~~ It has completed the w and x waves of the wave B and is now moving up to form a wave y.
~~ Hence, we expect the pair to be bullish in the near-term.

EUR/USD Technical Analysis

~~ As we mentioned in our previous post, 1.18700 is a strong resistance for EUR/USD.
~~ Now, it has formed a head and shoulder pattern at the zone and is coming down strongly.
~~ The next support is only at 1.17500 and we expect a free ride to bears till then.

AUD/CHF Wave Analysis

~~ After completing a bearish cycle, the counter is limping up to complete ABC correction.
~~ It is forming a wave A in the form of a bearish flag.
~~ We expect it to render a bearish breakout to form wave B.

USD/CAD Technical Analysis

~~ The counter has bounced off strongly from the support 1.31, after trapping the bears with a fakeout.
~~ Now, it has taken down a bearish trendline as well.
~~Hence, we expect the pair to be bullish in the short-term.

CHF/JPY Wave Analysis

~~ After completing a 5-wave bull cycle, the counter is currently in an ABC correction phase.
~~ It is now at a strong price action support zone and at the final stage of wave A.
~~ Hence, we expect the pair to be bullish in the near-term.

Thank you for the interesting information