XAUUSD 1D ScenariosPreferably suitable for scalping and accurate as long as you enter carefully the price behavior with the drawn areas.
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EURJPY: Potential Bullish Continuation Explained 🇪🇺🇯🇵
EURJPY is accumulating around 143.85 - 144.25 horizontal resistance.
The price has already set 3 equal highs respecting that.
Taking into consideration that the pair is trading in a strong bullish trend,
I believe that we will see a breakout attempt soon.
Wait for a breakout of the underlined yellow zone,
daily candle close above that will confirm a breakout.
A bullish continuation to 147.0 level will be expected then.
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AUDNZD: Time to Fall??? 🇦🇺🇳🇿
Two very important bearish clues on AUDNZD:
the price formed a double top formation and broke its neckline on a daily
and the price broke a solid rising trend line as well.
It looks like the pair will drop soon.
Goal - 1.094
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EURNZD: Potential Long Trade Explained 🇪🇺🇳🇿
EURNZD is trading in a strong bullish trend from the beginning of April.
Higher lows are perfectly respecting a rising trend line on a daily.
After setting a new high, the price retraced to a trend line again.
Pay close attention to a horizontal trading range on 4H.
Wait for a bullish breakout of its 1.6635 - 1.6685 resistance to catch a bullish movement.
You need a 4H candle close above to confirm a breakout.
Target will be 1.6817.
If the price breaks a trend line to the downside, the setup will be invalid and a bearish continuation will be expected.
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EURGBP: Classic Bullish Setup 🇪🇺🇬🇧
EURGBP is taking off from a strong daily demand area.
The price formed an ascending triangle on that on an hourly time frame
and broke its neckline to the upside.
Now I expect growth to 0.8634 / 0.8668
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GBPJPY: Your Detailed Trading Plan For Today 🇬🇧🇯🇵
One more instrument that we covered on a today's live stream is GBPJPY.
The market nicely retraced to a solid horizontal support.
On that, the price formed a double bottom formation.
Watch 162.655 - 162.919 horizontal neckline to buy with a confirmation.
You need an hourly candle close above that to confirm a breakout.
Then a bullish continuation will be expected to 164.16 / 165.053 levels.
If the price sets a new low, the setup will be invalid.
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NZDJPY: Potential Trend-Following Trade Explained 🇳🇿🇯🇵
Hey traders,
NZDJPY is accumulating on a key level.
The market is coiling within a narrow range on 1H time frame.
Taking into consideration that the pair is trading in a long-term bullish trend,
I will be waiting for a bullish breakout of the resistance of the range as a confirmation to buy.
Wait for an hourly candle close above 85.6 - 85.68 area,
then buy aggressively or on a retest.
Goals will be 86.0 / 86.3
If the price breaks a support of the range, the setup will be invalid.
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