Weekly Setup from 18 to 22 January 2021

BTCUSD
H4 TF Trend: Sideways with Triangle

 

(Plan –A)
Potential Long Zone:
After a long move, BTC now in sideways with a triangle. It’s consolidation time. Wait for the breakout
triangle. We will have a long opportunity thereafter.

 

(Plan –B)
Potential Short Zone:
After a long move, BTC now in sideways with a triangle. It’s consolidation time. Wait for the breakdown
triangle. We will have a short opportunity thereafter.

 

 

XAUUSD
H4 TF Trend: Downtrend after Breakdown Rising Wedge.

(Plan –A)
Potential Long Zone:
After breakdown long move Rising Wedge pattern, XAUUSD now in a downtrend. Price trying to
create buildup to go down massively. If the price unable to break the recent lower low and breakout key
level then we will have a long opportunity as direction on the chart.

 

(Plan –B)
Potential Short Zone:
After breakdown long move Rising Wedge pattern, XAUUSD now in a downtrend. Price trying to
create buildup to go down massively. If the price is able to break the recent lower low then we will have
a short opportunity as direction on the chart.

 

EURUSD
H4 TF Trend: Downtrend with channel after Breakdown Rising Wedge.

(Plan –A)
Potential Long Zone:
After the breakdown of the long move Rising Wedge pattern, EURUSD now in a downtrend with the channel. If
price able to breakout channel then we will have the long opportunity as direction on the chart.

 

(Plan –B)
Potential Short Zone:
After the breakdown of long move Rising Wedge pattern, EURUSD now in a downtrend with the channel. If
the price unable to breakout channel then we will have the short opportunity as direction on the chart.

 

USDJPY
H4 TF Trend: Downtrend with Falling Wedge.

(Plan –A)
Potential Long Zone:

With a long move Falling Wedge pattern, USDJPY now in the key zone. If the price able to breakout the falling
wedge pattern then we will have the long opportunity as direction on the chart.

 

(Plan –B)
Potential Short Zone:
With a long move Falling Wedge pattern, USDJPY now in the key zone. If the price unable to breakout
the falling wedge pattern then we will have the short opportunity as direction on the chart.

 

 

 

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