Weekly Setup from 4 th January 21 to 8 th January 21

 

 

GBPUSD:

H4 Time Frame Trend: Up Trend with Channel.

(Plan-A)
Potential Long Zone:
At present price is on Upper Channel Line. If price wants to breakout channel
strongly to reach Monthly time frame Key Zone 1.395-1.42, then we will have
the long opportunity on H4 Key Level.

(Plan-B)
Potential Short Zone:
At present price is on Upper Channel Line. If price unable to break out the channel
strongly, then we will have a Short opportunity on the H4 Key Level.

 

 

EURUSD:

H4 Time Frame Trend: Up Trend with Channel.

(Plan-A)
Potential Long Zone:
At present, the price is near the Lower Channel Line. If price unable to breakdown
channel strongly, Then we will have the Long opportunity on H4 Lower Channel
Line.

(Plan-B)
Potential Short Zone:
At present, the price is near the Lower Channel Line. If price able to breakdown
channel strongly, Then we will have to wait for a retest on H4 Lower Channel
The line for Short.

 

 

 

USDCAD:

H4 Time Frame Trend: Up Trend (Breakout Falling Wedge).

(Plan-A)
Potential Long Zone:
Long opportunity is here because the price is near Falling Wedge Re-test level and
Double Bottom. Also, the price touch Fibonacci Retracement 61.8.

(Plan-B)
Potential Short Zone:
If price unable to maintain a Falling Wedge and Double Bottom setup, then we
will have a Short opportunity on the confluence level.

 

 

 

XAUUSD:

H4 Time Frame Trend: Up Trend with Rising Wedge.

(Plan-A)
Potential Long Zone:
At present price is near Lower Rising Wedge Line. If price unable to
breakdown Rising Wedge strongly, Then we will have the Long opportunity on H4
Lower Rising Wedge Line.

(Plan-B)
Potential Short Zone:
At present price is near Lower Rising Wedge Line. If price able to breakdown
Rising Wedge strongly, Then we will have to wait for a retest on H4 Lower
Rising Wedge Line for Short.

 

 

GBPNZD:

H4 Time Frame Trend: Sideways (Try to Breakout Reverse Head &
Shoulder).

(Plan-A)
Potential Long Zone:
At present price is sideways. If price able to breakout Reverse Head &
Shoulder strongly, Then we will have the Long opportunity on Reverse Head &
Shoulder neck Line.

 

(Plan-B)
Potential Short Zone:

At present price is sideways. If price unable to breakout Reverse Head &
Shoulder strongly, Then we will have Short opportunity on Reverse Head &
Shoulder neck Line.

 

 

 

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