Originally Posted by ;Let us introduce insightful market analyses, charts and forecasts on major pairs/major crosses trading scenarios here primarily using higher time frames (H4 and above) or a blend of time frames.Originally Posted by ;
Each poster is free to utilize their resources and techniques for studying, assessing and forecasting the markets but also the focus of this thread is about the major pairs (i.e. EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, USDCHF and NZDUSD) and also the major crosses they shape without the USD (i.e. EURGBP, EURJPY, EURAUD, EURNZD, EURCAD, EURCHF, GBPAUD, GBPJPY, GBPCAD, GBPCHF, GBPNZD, AUDJPY, AUDCAD, AUDCHF, AUDNZD, NZDJPY, NZDCAD, NZDCHF, CADJPY, CADCHF, and CHFJPY).
Please don't post on exotic pairs, primarily due to their lack of money and often erratic technical conduct.
Here is a good example of what we ought to be looking for and doing with this thread.
Price action on GBPUSD is currently in a strong reaction zone (1.37390/1.42920) which has held on a multi-year basis (See attached W1 chart). Bulls are likely to fight to break the zone northward. Should bulls break from this zone, then there is very likely to be a strong bullish continuation. But, based on the major fad, which can be southward, any upward momentum is very likely to be corrective, perhaps to aim the 1.46790. Should bears wrestle the initiative and flip the zone, then we might observe a strong bearish momentum with bears targeting the instant service zone around the 1.34810 area originally.
Trade safe and prosper.
KP
Disclaimer: This Isn't a signal service nor a provision of trading information or trade calls. It's basically to discuss market investigations withn fellow traders. Each trader should trade based on their own rules and market judgments.