SHIB May Start to Lift-Off from here if things goes PerfectHere on the key level I am personally expecting an impulse to appear with the buy zone over the level highlighted. Where this has previously brought up a nice buying pressure with a high bull trend. Also I have a decent expectation of repeating the history it self and reaching the targets highlighted with horizontal lines.
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GBPUSD SHORT TRADE SETUPFollowing weekly support formed is very important on this pair and I am expecting a further decline to appear on GBPUSD inorder to revisit the major support level. On the following support zone we have seen a significant amount of buying pressure which can be supported for a bullish reversal to form after visiting the supported area.
EURUSD LONG TRADE SETUPEURUSD is on the major support formed on the monthly base. Here the price has created a nice expanding channel but at the moment the price has followed a breakout on the lower boundary. We are required to see a confirmation of a move back inside the channel formed. Also this monthly support has a good potential of forming a nice buying pressure.
GOLD SHORT TRADE SETUPGold is moving towards the support formed close to 1785 and here the bearish trend is expected to continue and reach the target. From the support we can see previous actions created a considerable amount of buying pressure around 1785 and also there we can expect the same to be repeated also following the trend line sketched up.
BNB Moving back towards the Key Level formedPrice is heading back close to the key level formed from the support. The buying pressure on the support is so high while if the price fails back near the key level then we will see another drop back towards the support formed. The structure can recreate a W formation or a further decline. Watch price action closely!!
CADCHF BEARISH SETUPAfter the breakout on the resistance, the bounce on the pullback is failing to break the high and is reversed back towards the resistance again. Here if the price fails to hold the price above the resistance then we may see a drop inside the resistance level. If we can confirm a breakout on the channel formed then the following breakout bearish we are expecting will have a great potential to revisit the support highlighted.
EURUSD Support and Channel is Very Important at this StageEURUSD is on H4 Support which can have a reversal on the current price level if the price manages to hold the bearish pressure stronger enough. Also, a breakout on the channel formed after a reversal will be so promising for a strong rally to the upside.