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Bitcoin is heading close to 52K now with this BreakoutMarket Instrument: BTCUSDT Timeframe: DAILY Analysis: Technical Structure: Key Level and Reversal Prediction: Bullish Bitcoin has confirmed the breakout on the key level now where this has a potential of revisiting the next minor resistance level formed close to 52K as highlighted on the chart. A minor retest may be seen on the key level which has already been breached to utilize the buyer's pressure. Any move back inside the key level will invalidate the setup.
Long
by Profitlio_Trading
AMZN's on a Distribution zone & price may revisit the resistanceMarket Instrument: AMZN Timeframe: DAILY Analysis: Technical Structure: Distribution Zone Prediction: Neutral AMZN is playing inside a distribution zone for some time recently. While the recent breakout to the downside has got faked out by a move back inside the support highlighted on the chart. For the moment the AMZN can revisit the resistance highlighted but until it shows a valid breakout off the resistance we cant assume it's a bull ride as theoretically the price should crush with a breakout on the support formed to the downside.
NASDAQ:AMZN
by Profitlio_Trading
1
EURUSD - Descending channel is the key structure on Daily TFMarket Instrument: EURUSD Timeframe: Daily Analysis: Technical Structure: Descending Channel, Impulses and Lower boundary support Prediction: Bullish EURUSD is on an important structure where we have seen many consolidated candle closings close to the current market price level. Also when we watch close enough on the daily and lower timeframes the price has got back inside the channel formed while being supported with the lower boundary. Here the next impulse is expected to show up a bullish trend to the upside in order to revisit the upper boundary or show up a breakout on the following structure.
Long
by Profitlio_Trading
5
USOIL May crush back close to $80. Resistance at 113 is StrongMarket Instrument: USOIL Timeframe: Weekly Analysis: Technical Structure: Resistance and Retracement Prediction: Bearish USOIL is respecting the resistance formed close to 113 and the weekly chart shows a faked breakout on this resistance and now retracing or pulling back to retest the resistance one more time before the crush. Here I expect the price to fall back once again inside the channel I've picked up here and revisit the lower boundary which has formed on it. For the moment the market is highly bullish in all timeframes but the expectation is a retracement to form considering the daily and weekly price action on this resistance at 113.
TVC:USOILShort
by Profitlio_Trading
USDJPY is Revisiting the 124 Monthly Resistance ( Sell Zone )Market Instrument: USDJPY Timeframe: Monthly Analysis: Technical Structure: Monthly Resistance, Bul trend Prediction: Bullish USDJPY is outstanding these days and ruing the market. So yeah this can easily revisit the monthly resistance formed close to 124.00 in the price area where this seems to be a major sell zone while considering the historical price actions. Hope that price can show up a sell-off after visiting the required sell region this time.
Long
by Profitlio_Trading
GBPNZD On a Weekly Major Support ( Buy Zone )Market Instrument: GBPNZD Timeframe: Weekly Analysis: Technical Structure: Weekly Support and Retracement Prediction: Bullish GBPNZD is on a major support level on the weekly timeframe where this place created a good buying pressure or interest previously which supported this pair for a considerable amount of growth during each bullish run formed by this support. Expecting history to repeat itself on this support for another decent bullish reversal.
Editors' picks
Long
by Profitlio_Trading
64
NZDCAD is on a Nice Impulse inside this ChannelMarket Instrument: NZDCAD Timeframe: Weekly Analysis: Technical Structure: Minor Resistance, Impulse, and Channel Prediction: Bearish NZDCAD is forming a nice impulse inside this channel while the current price has revisited the upper boundary and the minor resistance formed on the weekly chart. I have a decent expectation of a reversal to complete the 5th impulse while it has the potential to revisit the support where it got lifted recently or a deeper level close to 0.809
Short
by Profitlio_Trading
1
EURCAD On a Major Weekly Support after completing a 5 Wave TrendMarket Instrument: EURCAD Timeframe: Weekly Analysis: Technical Structure: Support and Elliot Waves Prediction: Bullish EURCAD is on major weekly support where we have seen a good buying pressure formed at these price levels previously. For the moment price is respecting the support level formed on the lower timeframe while the bearish trend extended up to this level has already completed its 5 waves and I have a decent expectation of a reversal to form around this support to the upside.
Long
by Profitlio_Trading
USOIL formed a breakout and retest pack on the 110 resistanceMarket Instrument: USOIL Timeframe: Weekly Analysis: Technical Structure: Resistance Breakout and Pull Back Prediction: Bullish USOIL has successfully breached the resistance formed at 110 with a huge buying pressure with the war between Russia and Ukraine. So if the following price action is not going for a fake-out on the breakout formed. Then we may see a continuation of this bull rally towards the next resistance formed close to 146 which has happened during 2008. And fall hard rejecting at the 110 area will invalidate the setup.
TVC:USOILLong
by Profitlio_Trading
XAUUSD can bounce from the trend line to revisit the resistanceMarket Instrument: XAUUSD Timeframe: H4 Analysis: Technical Structure: Trend Line and Resistance Prediction: Bullish Gold can be expected to bounce back on the following trend line formed where we may see another revisit towards the resistance formed. The bull trend formed on gold recently remains a bit stronger than the ones compared to which we have seen through the last year ( 2021 ). Any breakout on the following trend line will invalidate the following bullish continuation expected.
OANDA:XAUUSDLong
by Profitlio_Trading
1
USOIL Will Revisit the 110 Key Resistance Very SoonMarket Instrument: USOIL Timeframe: Monthly Analysis: Technical Structure: Resistance and Continuation of Bull Run Prediction: Bullish USOIL is very clearly approaching the 110 Key resistance which the chart has formed for many years during the price action. If the bullish pressure remains strong and efficient this will easily revisit 110 in the next few days/week. Overall the structure is a clear W formation on the monthly timeframe.
TVC:USOILLong
by Profitlio_Trading
EURAUD Can reverse back to the resistance from this key levelMarket Instrument: EURAUD Timeframe: Daily Analysis: Technical Structure: Key Level, Resistance, Trend Line Prediction: Bullish EURAUD has got revisited the key level once again after the strong bullish rally. This time the drop was pretty strong and reddish to see. Anyway, the following key level looks promising to form as a support and this can support and push the price back towards the resistance formed at 1.63800
Long
by Profitlio_Trading