Swingtrader
EURCAD: Important Decision Ahead! Your Plan: 🇪🇺🇨🇦
EURCAD is trading in a long-term bearish trend.
The pair started to consolidate within a horizontal trading range on a daily from the beginning of April.
Now the price is approaching its support.
From a current perspective, I see two potential scenarios:
If the price breaks and closes below the support of the range on a daily,
then a bearish trend continuation will be expected to 1.325
The price may respect the underlined structure.
To catch a pullback from that, watch a falling trend line on a 4H time frame.
If the price breaks that to the upside, I will expect a bullish move at least to 1.35
Wait for a breakout and then follow the market.
What do you expect?
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GBPCAD: Breakout & Bearish Continuation 🇬🇧🇨🇦
GBPCAD is trading in a long-term bearish trend.
The pair started to consolidate within a horizontal trading range in March.
On Friday, the price finally broke its support to the downside and closed below that.
I believe that it may trigger a bearish trend continuation.
Next goal for sellers - 1.555
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XAUUSD Bullish IdeaIm going for a crazy 1:40 on gold and a 1:20 if that fails. I believe it is bullish and we are going to the higher supply area above 1874.00. Now idk if price will return to any of my demand zones, being it already too the H4 imbalance and tapped into the order block but if so we shall see what happens.
CADJPY: Classic Trend-Following Setup 🇨🇦🇯🇵
Hey traders,
CADJPY is trading in a long-term bullish trend.
Reaching a new high the market started a correctional movement.
For more than a month, the pair was steadily falling within a bullish flag pattern.
Yesterday, its resistance was finally broken.
I believe that such a breakout may initiate a bullish trend continuation.
Goals: 102.7 / 104.5
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GBPCHF: Very Bearish Outlook 🇬🇧🇨🇭
Have you seen that bearish breakout on GBPCHF.
The price broke and closed below a major daily demand area.
I assume that quite soon the pair will drop lower.
Next goal for sellers - 1.1925
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MarketBreakdown | EURUSD, USDCHF, WTI OIL, NZDUSD
Hey traders,
here is a brief technical outlook of 4 peculiar instruments in my watch list.
1️⃣ EURUSD - Monthly time frame 🇪🇺 🇺🇸
The market reached 6-years-low last week.
And as I predicted, the market started to recover.
It looks like bullish pressure is strong enough to even break a daily structure resistance.
I believe that we may expect a further bullish continuation
2️⃣ USDCHF - Daily time frame 🇺🇸🇨🇭
As I predicted, the pair dropped nicely from a resistance line of a rising parallel channel.
Now it is approaching its support.
If the price breaks that to the downside, I will expect a bearish continuation on the pair.
3️⃣ WTI Crude Oil - Daily time frame 🛢️
The price recently broke and closed above a strong horizontal resistance.
Now the goal for buyers is March's High.
From that I will look for a pullback trade.
4️⃣ NZDUSD - Daily time frame 🇳🇿🇺🇸
The pair is trading in a strong bearish trend.
Setting a new lower low lower close on a daily the market retraced and now we see a nice correctional move.
Ahead is a strong horizontal resistance.
Look for trend-following opportunities from there.
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DOLLAR INDEX (DXY) Bullish Continuation Again?! 💵
After a two-week-long consolidation, Dollar index set a new higher high higher close on a daily again.
The price broke a horizontal supply area and it looks like the market may keep growing.
Bullish bias remains.
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SILVER (XAGUSD) Important Breakout🥈
It looks like Silver broke a key weekly demand zone this week.
Weekly candle closes in just 10 hours.
With a high probability, we will see a bearish trend continuation to lower structure levels.
Next demand zone on focus: 18.8 - 19.6 area.
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Please, support my work with like, thank you!❤️