Weekly Setup from 11 th January 21 to 15 th January21

XAUUSD

 

 

H4 Time Frame Trend: Down Trend (Breakdown Rising Wedge)

(Plan-A)
Potential Short Zone:
At present price is Breakdown Rising Wedge strongly. Time to reversal for re-test. We will have a Short opportunity in Key Level Zone.

(Plan-B)
Potential Long Zone:
At present price is Breakdown Rising Wedge strongly. Time to reversal for re-test. If the price breakout the key level zone strongly then we will have a Long
opportunity on above Key Level Zone.

GBPUSD

 

H4 Time Frame Trend: Up Trend with Channel.

(Plan-A)
Potential Short Zone:
At present price is on a key level zone after touched the channel upper line. If price
unable to breakout the key level zone strongly, then we will have a Short
opportunity on the H4 Key Level.

(Plan-B)
Potential Long Zone:
At present price is on a key level zone after touched the channel upper line. If price
able to breakout key level zone and channel strongly, then we will have a Long
opportunity on the H4 Key Level.

 

CADCHF

 

H4 Time Frame Trend: Up Trend (Breakout Channel).

(Plan-A)
Potential Long Zone:
Long opportunity is here because the price just retest the key level zone after
breakout Channel.

(Plan-B)
Potential Short Zone:
If price unable to maintain uptrend, then we will have a Short opportunity on
identified level.

 

USDJPY

 

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

(Plan-A)
Potential Long Zone:
Price breakout falling wedge strongly and complete retest on the key level zone.
A major chance to re-test the falling wedge upper channel line. We will have Long
opportunity here.

(Plan-B)
Potential Short Zone:
Price breakout falling wedge strongly and complete retest on the key level zone. If
the price is unable to continue uptrend and come back below the falling wedge upper
channel line, then we will have a Short opportunity as per direction.

 

 

CHART PATTERN ENTRY EXIT STRATEGY

 

 

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