GBPUSD DAILY UPDATEGBPUSD we are sitiing on the major trend in the zone let have wait and sell off after the confirmation
Priceactionstrategy
GOLD ANALYSIS This is what we are expecting in the gold scnerio and the wait for the confirmation after retesting the level and take bag haevy
Dow Jones Index (US30): Time For Pullback 📈
US30 dropped to a key daily structure support.
Analyzing a reaction of the price to that, I spotted a head & shoulders pattern on 1H.
Its neckline has just been broken.
I expect a pullback to 33000 / 33200
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GBPAUD: Your Trading Plan 🇬🇧🇦🇺
GBPAUD is trading within a wide horizontal trading range on 4H.
The price is currently coiling around its resistance.
To short with a confirmation, watch 1.8128 - 1.8166 area.
It is a neckline of a double top pattern.
We need a 4H candle close below that to confirm its breakout.
Short aggressively or on a retest then.
Goals will be 1.808 / 1.803
If the price sets a new high though, the setup will become invalid.
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AUDJPY: Your Trading Plan 🇦🇺🇯🇵
Update for AUDJPY.
The price was nicely rejected from a resistance line of a falling parallel channel on a daily.
To short with a confirmation, pay close attention to 92.4 - 92.55 area.
It is a neckline of a head and shoulders pattern that I spotted on 4H.
Wait for its bearish breakout (4H candle close below), sell aggressively or on a retest then.
Goals will be 91.9 / 91.3
If the price sets a new high, the setup will become invalid.
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AUDJPY: 2 Scenarios Explained 🇦🇺🇯🇵
Very peculiar situation on AUDJPY.
The market is trading within a falling parallel channel on a daily and approaching its resistance at the moment.
Depending on the reaction of the price to that, I see 2 potential scenarios.
Bullish
If the price breaks and closes above the resistance of the channel, it may initiate a bullish continuation.
Goals will be 93.7 / 94.5
Bearish
The market may also drop from the vertical resistance.
To short with a confirmation, watch a bearish flag pattern on a 4H.
Its bearish breakout will trigger a bearish continuation to 91.9 / 91.6
Wait for a breakout and follow the market then.
What do you expect?
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USDCAD LONGUSDCAD looks very bullish. We can see that by looking at the bigger picture, the pair is in a nice strong uptrend. This can be confirmed with the breakout of a counter trendline
as well as price action turning bullish with breakout of our key level being the lower high. We are expecting to hold trade for around 3-4 weeks. We are looking to make between
10% to 22% on this trade depending on how far price goes in terms of our targets being T.p 1 to 3 at 2% risk per trade.
USDJPY: Your Trading Plan 🇺🇸🇯🇵
USDJPY is approaching a horizontal daily supply area.
To short the market with a confirmation, watch a head & shoulders pattern on 4H.
135.95 - 136.35 is its horizontal neckline.
Wait for its bearish breakout - 4h candle close below,
then, sell aggressively or on a retest.
Target will be 134.28
If the price sets a new high, the setup will be invalid.
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EURAUD: Bearish Outlook 🇪🇺🇦🇺
EURAUD is trading within a horizontal trading range on a daily.
Approaching its upper boundary, the market was rejected.
The price formed a head and shoulders pattern on 4H time frame.
Now, we see its neckline breakout.
I expect a fall to 1.546 / 1.532
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AUDUSD: Very Bullish Pattern 🇦🇺🇺🇸
Hey traders,
Yesterday, on a live stream, we discussed AUDUSD.
The pair formed an ascending triangle formation and broke and closed above its neckline then.
It will push the market higher.
The next goal for buyers - 0.689
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GBPNZD: Consolidation & Indecision
GBPNZD is consolidating within a narrow horizontal trading range on a daily.
After a sharp bearish impulse, the market is coiling for the entire month.
To catch the next bearish wave, watch 1.9125 - 1.92 horizontal support.
Wait for its bearish breakout (1h candle close below that).
Sell aggressively or on a retest, then.
Next support will be 1.889
Be patient and wait for a breakout.
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GBPJPY: Important Breakout 🇬🇧🇯🇵
GBPJPY was steadily growing within a rising parallel channel for the last 3 weeks.
The market reached a key daily structure resistance on Friday.
Bears started to push heavily from that and the price broke and closed below the support of the channel.
It will trigger a bearish continuation.
Next supports: 166.3 / 165.3
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EURNZD: Important Breakout 🇪🇺🇳🇿
One more update.
As I predicted, EURNZD broke and closed below a neckline of a descending triangle formation on a daily.
It will most likely push the pair lower.
Goals: 1.66 / 1.65
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EURGBP: Very Bearish Pattern 🇪🇺🇬🇧
I spotted a cute head and shoulders pattern on EURGBP pair.
The price broke and closed below its neckline on Friday.
I think that the pair may drop lower this week.
Goals: 0.8625 / 0.858
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USDCHF: Very Bullish Outlook For Next Week 🇺🇸🇨🇭
Hey traders,
Earlier, we have spotted together an inverted head and shoulders pattern on USDCHF on a 4H time frame
Its neckline breakout confirms a highly probable bullish continuation.
Next week, I will expect a continuation to 0.9628 / 0.9734 levels.
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Is The gold Market About To Collapse?!In the early Asian session trading it looks like Gold is respecting a 3 month key level... offering a great opportunity for a high risk to reward trade.
These key levels when respected, get huge price momentum and are the catalysts for long multi year trends. Could this be the start of a new one?
In our analysis we break down from the 3month to the 15minute timeframe and show all of the potential key levels Gold can trade into.
Let us know your thoughts below.
TESLA - 209.00 ZONE BREAKTESLA has finally broke my 209.00 zone. A retracement will happen before price continues to drop! Every ZONE BREAK is followed by a RETRACEMENT. I'm still heavily BEARISH on TESLA. 65.00 is still my target.
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GBPCHF: Time to Sell? 🇬🇧🇨🇭
We have spotted a confirmed neckline breakout of a head and shoulders pattern on GBPCHF on a daily.
Analyzing lower time frame this morning, I spotted a falling parallel channel on 4H time frame.
We see a positive bearish reaction from its upper boundary.
I expect a bearish move to 1.118 now.
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CADCHF: Bearish Continuation is Highly Probable 🇨🇦🇨🇭
CADCHF pair is trading in a global bearish trend.
From the beginning of October, the market was correcting within a rising wedge pattern.
Its support was broken yesterday.
I believe that the market may drop soon to 0.7245 / 0.72
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GBPAUD: Bearish Breakout & Bearish Continuation 🇬🇧🇦🇺
I spotted 2 breakouts on GBPAUD on a daily time frame:
first, the price broke and closed below a rising trend line and violated a horizontal key level then.
The underlined blue area on a chart is a potential reversal zone.
I will expect a bearish move from that.
Goals: 1.7414 / 1.7266
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DOLLAR INDEX (DXY) Finally Overbought? 💵
Dollar Index retests the recently broken major trend line on a daily.
Retesting that, the market formed a double top pattern on 1H.
I believe that now we may expect a correctional movement.
Goals:
112.0
111.2
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GBPUSD: Detailed Technical Outlook 🇬🇧🇺🇸
Here is my technical top-down outlook for GBPUSD.
The pair has recently broken a major falling trend line and a solid horizontal supply area.
The broken structures turned into supports now.
The closest resistance that I see is 1.168 - 1.174 area.
Analyzing the intraday perspective, I spotted a falling wedge pattern on 4H time frame.
I believe that the next bullish move may initiate after its bullish breakout.
Monitor the underlined green supports for buying opportunities and look for a confirmation on lower time frames.
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Please, support my work with like, thank you!❤️
AVAXUSDTEverything seems clear (:
Of course, on the condition of maintaining the price range of $13.73 and breaking the downward trend line
