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04:47

ewaction Updated 

GBPUSDis still ranging and consolidating after the uptrend line break Key levels for the high probability trade entries are indicated in the video highlight.

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$EURUSD break below 1.12000 will open further downside and invalidate the upside reversal. Break is iminnent and is coming.

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Facebook $FB is going for a test of the strong upside support/downside resistance 208. A break below will trigger a pulback to 170 key reversal area

10:18

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We are looking at this analysis at JPY pairs for clues. There is a space for both direction trades long and short on some pairs but the key levels are not still triggered

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USDJPY long-term monthly consolidation is looking like it would explode soon. Tight range between 106-110 will soon have to give up. Te only thing is will it follow the risk-off of DXY strength?

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If you want to short the European tock market maybe the Spain Ibex could be the best solution as it is testing the downside breakout resistance and has retetsted the broken uptrend channel

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As long as the EURJPY is below the 121.300 we could expect more downside. A combination of the risk-off which will move the highly correlated USDJPY pair down will influence EURJPY to fall alongside with the EURUSD. Patient traders need to wait for a break below 119 for a high probability short trade entry.

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DJIA weekly close is important. For bears ideally breakaway dowsnide gap will be perfect. 25000 is the key for downside 26500 for the upside continuation.

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As we recall the first breakout lower from stock market tops just started from Australia. AUS200 now alongside DJIA is the first one to nearly break rising wedge resistance and lead orchestrated reversal lower.

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Here is why the 1770 is so important. Long term uptrend Pitchfork channel Median Line and couple of months without a breakout above. New buying opportunities will arise on a pullback to 1700.

07:19

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In this short video you will see how you can get to key trading levels in uder 10 minutes using top-down multi time frame analysis. DAX is consolidating before a larger move

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We are sure that much of us missed a perfect long trade entry in AAPL but we should not miss a good short trade entry in this stock and possibly the whole stock market

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EURUSD is on hold by a well known long-term resistance zone 1.13500-1.13800. We need to wait for the next day's clarification of price action to take a higher probability trades.

08:35

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As EURUSD is continuing higher after the bounce off the support all the other EUR pairs are getting interested for the long trades

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EURGBP is bouncing nice off the support and could give us 150-200 pips as long as it is above the 0.8970. Retrace after the swing down seems to be in terminal phase and GBPUSD could push lower faster than EUR.

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On the monthly chart you can find a reason why GBPUSD is rejected from near 1.3000 and is extending lower. A break below 1.2460 marked an important downside continuation point near-term

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Gold is facing a key moment as it is testing the median line of a long-term Pitchfork channel. We couls see a pullback from here, and a clear confrimed breakout above 1760 is required for the upside continuation.