Trade Ideas for August 3-7, 2020


02 Aug

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CURRENCY PAIR: AUDCAD

TIMEFRAME: H4

BIAS: BULLISH

PATTERN NOTICED: ASCENDING CHANNEL

CURRENCY PAIR: AUDCHF

TIMEFRAME: H4

BIAS: BEARISH

PATTERN NOTICED: H&S (LAST WEEK) MIGHT CONTINUE TO GO DOWN TIL THE UNTESTED SUPPORT

CURRENCY PAIR: AUDJPY

TIMEFRAME: H4

BIAS: BULLISH

PATTERN NOTICED: ASCENDING TRIANGLE FORMING. MIGHT RETEST ON THE HQ RESISTANCE.

CURRENCY PAIR: AUDUSD

TIMEFRAME: H4

BIAS: BULLISH

PATTERN NOTICED: STILL AT ASCENDING CHANNEL PATTERN, BUT BOUNCE BACK FROM THE HIGH QUALITY RESISTANCE. IF IT BREAKS FROM THE TREND LINE, IT MIGHT CONTINUE TO DROP.

CURRENCY PAIR: CADJPY

TIMEFRAME: H4

BIAS: SIDEWAYS

PATTERN NOTICED: INVERTED H&S MIGHT FORM ON THIS PAIR. EXPECTING FOR A BULLISH MOVE THIS WEEK.

CURRENCY PAIR: EURAUD

TIMEFRAME: H1

BIAS: BULLISH

PATTERN NOTICED: RISING WEDGE HAS BEEN SPOTTED ON THIS PAIR. IF IT BREAKS FROM THE TREND LINE, IT MIGHT DROP CONTINUOUSLY TIL THE NEXT SUPPORT.

CURRENCY PAIR: EURGBP

TIMEFRAME: H4

BIAS: BEARISH

PATTERN NOTICED: THE PAIR BREAKS FROM THE TREND LINE, MIGHT ATTEMPT FOR A RETEST BEFORE CONTINUING IN GOING DOWN.

CURRENCY PAIR: GBPJPY

TIMEFRAME: H4

BIAS: BULLISH

PATTERN NOTICED: ASCENDING PATTERN STILL SHOWING AT THIS PAIR. IT MIGHT GO FOR ANOTHER BULLISH MOVE UNTIL THE NEXT RESISTANCE. JUST WAIT FOR THE BREAKOUT!

CURRENCY PAIR: GBPUSD

TIMEFRAME: H4

BIAS: BEARISH

PATTERN NOTICED: THIS PAIR BOUNCE FROM THE HQ RESISTANCE, MIGHT RETEST FROM THE PREVIOUS SUPPORT.

CURRENCY PAIR: USDCAD

TIMEFRAME: H4

BIAS: BULLISH

PATTERN NOTICED: TWO CANDLE REJECTION NOTICED FROM THE CONSOLIDATION PHASE. MIGHT GO FOR A BULLISH MOVES NEXT WEEK.

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