Trader VN_FOREX — Trading Ideas & Charts

, 60Long

The Falling Wedge Pattern was broken. The price printed a Support (currently 3rd bounce) at retest level/zone. This Support is also in the vicinity of a Demand Zone on Higher Timeframes. USDCAD is currently in an uptrend and this trade is in favor of the trend.

GBPUSD BULLISH

GBPUSD

, 1DLong

VN_FOREX

GBPUSD is now Bullish for the following reasons: 1. Double Bottom formation. 2. Retest of the strong Support of Descending Channel (or slight Descending Broadening Wedge). 3. Broke Resistance of inside Falling Wedge. All the best.

USDCAD BEARISH

USDCAD

, 1DShort

VN_FOREX

AUDUSD is now Bearish for the following reasons: 1. Broke a strong rising trendline. The trendline was strong as it had multiple (more than 3) and clear touches 2. Completed retest of the trendline. 3. Complete Bearish Engulfing Bar on Daily timeframe. 4. Stop Losses (SL) and Take Profits (TPs) are clearly. The general rule here is to place SLs/TPs at clear...

EURGBP 15min Analysis supporting the 4Hour Analysis for a BUY

EURGBP

, 15Long

11:53

VN_FOREX Updated

1) From 16 March 2021 to 19 March 2021, price has been in a Descending Triangle (formed by Support and downtrend line) 2) Price broke the Trendline of the Descending Triangle = This is a Buy for short term traders like scalpers. 3) Because of point 2 above, and the Bullish Bias from the earlier 4Hr analysis, this break of the Descending Triangle to the above has...

EURGBP PREPARING FOR A STRONG LONG BUY

EURGBP

, 240Long

03:00

VN_FOREX Updated

1) EURGBP (EG) has been on a downtrend. 2) Downtrend because of the two trendlines with multiple touches. 3) Around the 0.8536 level EG formed a strong Support. 4) As on the time of this analysis, EG is testing the trendline to break the downtrend. 5) Once this happens, market structure will be broken and a new trend initiated, that trend is a Bullish one. 6) I...

GBPUSD After US Elections. After Biden's Inauguration?

GBPUSD

, 240Long

VN_FOREX Updated

GBPUSD has been in a strong Uptrend following the US ELECTIONS on 03 November 2020. We say Uptrend because of the rising channel with Higher Highs and Higher Lows. During Biden's Inauguration yesterday, price was at a Key Resistance level. We saw a minor retrace and correction back to the Resistance level. Price has broken this level convincingly (with a bullish...