As you can see clearly, there is a double top on the daily time frame. I'm expecting a break of the kneck line then I will be opening a sell position. also Dollar index is showing some strength. I'm expecting Dollar pairs to gain strength soon.
I predicted this move and it came and hit target with
BTC has come and retested the zone it broke out from. this signify a good sign that BTC is going to buy this week. next level target is 24k. as you can see in my setup
CRUDE OIL: as you can see it broke out from a trendline and came back to grab some liquidity. this is why it's good to have patience in the market. we can also spot a double bottom which signifies an up trend. TIPS 1: always wait for a for a retest when a trendline is broken 2: always map out zones in every trendline breakout as I did so. 3: also it is advisable...
EURUSD: as you can see, EURUSD overall trend is bullish but we might see some sell this week, this sell would be retracement to test the trendline it broke out. please becareful, there are no enough volume in USD pairs currently
GBPCAD: we can clearly see double top on this pair. the trade set up is only valid if the kneckline is broken and retested. about 800 pips drop.
day trader finding it difficult to trade Gold recently, Gold is actually Ranging but overall bias for Gold is sell. wait for the break of the range and find an entry
the final leg for BTC is 11k if only 18k region is broken. people are pulling money from Commodities, both Gold silver will fall. I would not advice anyone to invest in any Commodities
silver will go for further down side we have had a decent pullback from it and acting nicely with fib. next target level 17.611 NOTE: this is a swing trade..
EURAUD will drop about 300pips. PLEASE NOTE: these are based on my own ideas and not a financial advise