Rectangle
Gold (XAUUSD): What to Look At Next Week 🟡
Hey traders,
This week, we spotted weakening bullish momentum on Gold.
The market was steadily growing within a rising wedge pattern.
On Friday, the price has successfully violated the support of the wedge
signifying the initiation of a consolidation.
The price is stuck within a horizontal trading range now.
1911 - 1922 is its support. If the price breaks and closes below that, it will initiate a correctional movement.
Patiently wait for a breakout.
I will post an update once the breakout is confirmed.
Alternatively, a bullish breakout of the range may push the market higher.
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Us30 Analysis-Key level and trendline
-Waiting for 3rd touch on trendline(Buy confirmation)
-Key is well respected(Sell zone)
Lets wait and see if Us30 respects the structure.
ATOM Looking Bullish!KUCOIN:ATOMUSDT
ATOM is formed in a build up. Waiting for igniting trigger to open position.
On breakdown can short to possible pullback on LTF and wait for another move higher in direction of trend.
Bitcoin is trying to hold support and will guide direction.
Many earnings this week so be prepared to be more patient.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
TINPLATE S&R in 1 DTF!!!***Simple Support & Resistance Pattern!
Note: Only enter after crossing the Blue Line is my suggestion to all, happy trading mates.
EURUSD: Detailed Technical Analysis For Next Week 🇪🇺🇺🇸
EURUSD is stuck within a wide horizontal trading range on a 4H time frame.
To catch the next trend-following wave, watch a resistance of the range.
We need a 4H candle close above that to confirm a breakout.
After a breakout, a bullish move will most likely follow.
The next resistance will be 1.0923
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
MarketBreakdown | EURUSD, EURAUD, EURCHF, SILVER (XAGUSD)
Hey traders,
Here are the updates & outlook for multiple instruments in my watchlist.
1️⃣ EURUSD 4h time frame🇪🇺🇺🇸
The pair is currently consolidating within a horizontal intraday range on 4H.
For now, I believe that the price will keep trading within that.
A bullish breakout of the range will be a strong bullish signal.
After a breakout, the market will most likely go much higher.
2️⃣ EURAUD daily time frame 🇪🇺🇦🇺
Buyers are finally pushing.
At the moment, we see a breakout attempt of a key daily horizontal resistance and a falling resistance of a bullish flag.
If the price closes above them both on a daily, a strong bullish continuation will be expected.
3️⃣ EURCHF daily time frame 🇪🇺🇨🇭
The market has nicely corrected this week.
Ahead, I see a major rising trend line on a daily.
Probabilities will be high that a strong bullish reaction will follow from that.
4️⃣ Silver (XAGUSD) daily time frame 🪙
Silver keeps coiling.
The pair is currently stuck within a wide horizontal range on a daily.
The next bullish wave will be expected only after a bullish breakout of its resistance.
Alternatively, a bearish breakout of its support will push the market much lower.
Do you agree with my market breakdown?
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
💵Euro/Australian Dollar💵Analyze (01/13/2023)!!!Euro/Australian Dollar was able to make a rectangle pattern near the resistance zone.
Since the Euro/Australian Dollar failed to test the top of the channel, I expect the Euro/Australian Dollar to go down to the support zone again.
🔅Euro/Australian Dollar Analyze ( EURAUD ) Timeframe 1H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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