GBPUSD, USDCAD, USDCHF potential setups! (Analysis 2021-05-18)

In today’s analysis I discuss our open setups on CADJPY, EURJPY, GBPCHF and GBPJPY. And, I spot some
awesome new breakout setups on GBPUSD, USDCAD, USDCHF and NZDJPY.

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Analysis Breakdown

GBPUSD D1 Long Breakout Potential

Looking to go long on a break and close above the 1.4241 level.

USDCAD D1 Short Breakout Potential

Looking to go short on a break and close below the 1.20455

USDCHF D1 Short Breakout Potential

This one is a little risky as the current bearish trend is new and weak. However, with a close below
the 200 MA I am a little more confident. Looking to go short on a break and close below the 0.89866

NZDJPY D1 Long Breakout Potential

Looking for a long setup on a close and break above the 79.41 level. This setup is slightly riskier
than the others.

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One thought on “GBPUSD, USDCAD, USDCHF potential setups! (Analysis 2021-05-18)
  1. Hi nick, this is my first time using your analysis and im very confident in it! i was just curious to ask you. if price breaks any of these levels and closes above/below them; will you be looking for a retest of the level? And if price doesn’t break some of these levels will you be trading in the opposite direction you analysed? Thankyou, Sam.