Daily technical & fundamental analysis for multi-forex pairs

[luckyanand12]

Buy GBP/USD | Dec 20, 2019

On D1/daily time-frame:
GBP/USD took support at FIB38.2 which coincides with previous swing high.

On H4 time-frame:
The price closed above 3-3 SMA (shown in indigo color), fell down and closed below it then close above it again. The action should have been taken place in 3-5 candle but it is slow, it took 7 candles. Nevertheless, it looks like a Double Repo Pattern in terms of price action. The classical target of Double Repo is 50% of the swing.
SL, TP and entry have been shown in the screenshot:

 

[luckyanand12]

USD/CAD analysis

 

[luckyanand12]

USD/JPY analysis | buy or sell?

Both scenarios have been explained.

 

[luckyanand12]

Buy USD/CHF | Dec 23, 2019

In addition to things explained in the video, Friday's candle is an engulfing bullish candle and hence it also supports the buy trade.

 

[luckyanand12]

Sell EUR/USD | Dec 24, 2019

This video is correlated with video of EUR/USD posted on Dec 18.

 

[luckyanand12]

Sell EUR/USD | Dec 24, 2019

This video is correlated with video of EUR/USD posted on Dec 18.

Modification in Sell EUR/USD of Dec 25, 2019
The link of video given below explains modification in sell.

https://s3.amazonaws.com/tradingview-vid/9/9V1Y1vzjGLkHuj70.mp4

 

[luckyanand12]

Sell AUD/USD | Dec 27, 2019

This is based on butterfly which was already explained when the butterfly was under formation and we had taken buy position on early Asian session of Dec 19 trading day (evening of Dec 18 as per New York time).

 

[luckyanand12]

Sell AUD/USD | Dec 27, 2019

This is based on butterfly which was already explained when the butterfly was under formation and we had taken buy position on early Asian session of Dec 19 trading day (evening of Dec 18 as per New York time).

Correction: The butterfly is 127.2%, not 161.8%. Nevertheless, it is a perfect butterfly.

 

[luckyanand12]

Double Repo on EUR/USD (unconfirmed)
Price has already closed below 3-3 SMA and then closed above it, made a new high. If the price closes back below 3-3 SMA, Double Repo pattern will be formed. Its classical target is 50% retracement of recent thrust up. SL few pips above recent high.
The pattern will be supported by bearish divergence.

 

[luckyanand12]