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.
TR
TriciaWilson
Rep: 470
Posts: 46
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.
~~ 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.
TR
TriciaWilson
Rep: 470
Posts: 46
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.
~~ 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.
TR
TriciaWilson
Rep: 470
Posts: 46
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.
~~ 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.
JI
Jimmy Will
Rep: 0
Posts: 1
When it comes to long-term and short-term setups in forex trading, each has its own strategy and approach depending on your goals and risk tolerance. Understanding the differences and how to execute these setups effectively can make a significant difference in your trading success. Traders offer some insightful perspectives that might help you choose the right approach for your trading style.










