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Channelbreak

Gold (XAUUSD) - AB=CD PatternGold on the 4-hourly chart didn't have a break and close below the trendline, on the 1-hourly chart it did break and close below the trendline but do note that it still fails to break and close below the previous low. If you are looking for a more certain trade then wait for the AB=CD pattern completion at $1887.45 for a buying opportunity. An aggressive trader can wait for the market pull-back to the navy trendline or the bullish channel to short the market and head towards the AB=CD completion.
FX_IDC:XAUUSDLong
by RaynLim
Euro / Usd POSSIBLE 300+ PIP MOVE SELL COMINGShalom Wadu Community, In Today's Video we discuss the current scenario we have playing out on the Eur/Usd! As mentioned in the video we have just recently broken out of a Channel to the Downside and retested the bottom (now) resistance level of the Channel . We can now expect Eur/Usd to futhermore test our Pivot Support Level at Price Area 1.16000. If tested and Broken we can confirm The Seller Pressure Increasing and Anticipate our 300+ Move to the Downside looking for a TP around 1.13800 Price Area!
by DinoAlpacino
GBPUSD Price In A ChannelGBPUSD price action is now very sideways and a clear channel has formed which is around 150pips in range. Looking at price today, I can see it is now back at the 1.26500 resistance. There are 2 potential trades here, if price rejects this zone and forms another high then shorting should work well. Alternatively, if this 1.26500 resistance is broken then a retest and long trade could prove profitable. I personally will look for a 4hr candle break or rejection before entering a position in either direction.
Short
by UnknownUnicorn772665
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