Trade Ideas and Market Analysis - Dec 19, 2017

in marketanalysis •  7 years ago 

EURUSD- Below is the Monthly, Weekly, Daily and 4-Hr charts. The pair is in an long term uptrend. The 4-hr is about to complete a bottoming pattern -Inverse H&S.

EURUSD 4hrBottom

NZDUSD- Strong downtrend in the 1hr (right), looking for a setup in the lower timeframe (15-hr). Pullback and possible failed breakout of resistance will signal my short. Entry: 0.69823 SL:0.69893 T1:0.6969 T2: 0.6950

NZD PB

GBPJPY- 1 hr chart changed to uptrend. while the 4 hr trend still haven't changed but more of a 60% retracement put it in question. Look for clean bullish 1-Hr setup to enter.

GBPJPY 1hrUptrend

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Thx for posting these technical analysis. Appreciated it!!!

  ·  7 years ago (edited)

I also think that the price of EUR/USD will rise.