Long-term and Short-term Setups

Tricia Wilson

Trader
Jul 8, 2020
43
0
7
40
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.
 

Tricia Wilson

Trader
Jul 8, 2020
43
0
7
40
EUR/GBP Wave Analysis
  1. After dismal data from Britain, EUR/GBP was off to the flyers yesterday.
  2. It could be interpreted as a wave pattern and is now forming wave 4.
  3. Further, it is close to a congestion zone which could act as strong support.
  4. Hence, we expect the pair to be bullish in the near-term.
    EURGBP_technical analysis.png
 

Tricia Wilson

Trader
Jul 8, 2020
43
0
7
40
GBP/JPY Wave Analysis

~~ After a strong bull run, the counter is currently in corrective (ABC) mode.
~~ It has completed wave A and is forming its final leg of wave B.
~~ It is now up against a resistive trendline and a break above it can take it higher.
~~ Hence, we advise traders to initiate long positions only when an hourly candle closes above the trendline.

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Tricia Wilson

Trader
Jul 8, 2020
43
0
7
40
EUR/JPY Technical Analysis

~~ The pair did a long accumulation in the form of an inverted head and shoulder pattern.
~~ It finally broke out and has been consolidating in an ascending triangle (continuation) pattern since then.
~~ Hence, we expect the pair to have a strong bull run when it breaks the resistance level of 122.5.

EURJPY.png
 

Tricia Wilson

Trader
Jul 8, 2020
43
0
7
40
EUR/CAD Technical Analysis

~~ The counter has been formed a long base formation.
~~ Further, it could be interpreted as a correction after a strong impulse move.
~~ It has crossed the critical resistance level of 1.55279 and is consolidating above it.
~~ And the MACD indicator has turned bullish and is having good momentum.
~~ Hence, we expect the pair to be bullish in the short-term trading.

free analysis.png
 

Tricia Wilson

Trader
Jul 8, 2020
43
0
7
40
USD/JPY Technical Analysis

~~ The counter is currently at the strong support of a trendline, which could be contemplated as triangle pattern.
~~ According to the short-term waves, the counter has completed wave B of a bear cycle and is due for a wave C.
~~ Hence, we expect the pair to be bullish and head to higher to levels.

free analysis.png
 

Tricia Wilson

Trader
Jul 8, 2020
43
0
7
40
EUR/USD Technical Analysis

~~ The counter is currently in a strong bull run.
~~ It is forming a parabolic pattern, which suggests further strong upmove is on the cards.
~~ Also, the pair is forming a bullish pennant pattern in the short-term charts.
~~ We expect it to surge sharply higher for the day.

free analysis.png
 

Tricia Wilson

Trader
Jul 8, 2020
43
0
7
40
EUR/AUD Technical Analysis
~~ The counter has broken two strong resistances back to back.
~~ One- bearish trendline.
~~ Two- Price resistance at 1.64427.
~~ It is having strong momentum and hence we expect it to reach higher levels sooner.

free analysis.png
 

Tricia Wilson

Trader
Jul 8, 2020
43
0
7
40
GBP/USD Wave Analysis

~~ The counter is currently in a short-term bull run.
~~ It is now consolidating within ranges to form wave 4.
~~ We expect the pair to move to the support zone (marked in the chart) and then head higher.

free analysis.png
 

Tricia Wilson

Trader
Jul 8, 2020
43
0
7
40
EUR/USD Technical Analysis

~~ The counter is in a strong bull trend.
~~ It consolidated for a brief period within a bullish flag and now has broken out.
~~ Further, it has formed an inverted head and shoulder pattern within the flag which indicates the absorption of selling pressure.
~~ Hence, we expect the counter to remain bullish in the short and near-term.


free analysis.png
 

Tricia Wilson

Trader
Jul 8, 2020
43
0
7
40
EUR/CHF Wave Analysis
~~ The counter has completed a bear cycle and is due for a correction.
~~ It formed an inverted head and shoulder pattern in the lower timeframes and has broken out.
~~ Hence, we expect the counter to be bullish in the near-term.

free analysis.png
 

Tricia Wilson

Trader
Jul 8, 2020
43
0
7
40
CAD/JPY Wave Analysis
~~ It has recovered from the low with a strong V-shaped rally, which is a sign of reversal.
~~ Further, the could interpret it as an ABC correction.
~~ Hence, we expect the pair to trade with bullish bias from here.

FREE ANALYSIS CAD.png
 

Tricia Wilson

Trader
Jul 8, 2020
43
0
7
40
NZD/USD Technical Analysis
~~ The counter has broken down two critical supports.
~~ One- price action support level of 0.66128.
~~ Two- Bullish Trendline.
~~ It indicates the counter has changed its short-term to bearish and we advise traders to go short.

free analysis NZD.png
 

Tricia Wilson

Trader
Jul 8, 2020
43
0
7
40
USD/CHF Technical Analysis
~~ The counter is currently in sideways consolidation mode.
~~ It is currently in its lower end of the range and the short-term indicators show signs of oversold condition.
~~ Further, the wave interpretation deems a wave C move to the upper end of the range.
~~ Hence, we expect the pair to be bullish in the near-term.

freeanalysis.png
 

Tricia Wilson

Trader
Jul 8, 2020
43
0
7
40
EUR/USD Technical Analysis
~~ EUR/USD is currently in a corrective consolidation.
~~ It has completed the waves A and B and is now due for wave C.
~~ Further, the resistance of 1.19 proves to be a tough nut for the bulls and hence we expect the pair to retreat to the support.

freeanalysis.png
 

Tricia Wilson

Trader
Jul 8, 2020
43
0
7
40
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.

freeanalysis.png