#AUDCHF
🔥New idea - Link
AUDCHF is in sideways movement on the 4H timeframe, indicating a consolidating market. The market broke out of the ascending channel at the support level. Price bounced off the lower border of the channel, which acts as resistance. We might see some sharp bearish moves.
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#GOLD
🔥New idea - Link
GOLD made a false break at the support level + trendline and made a higher high & higher close. The price is very likely to retrace from psychological level 1800. We only consider buying opportunities from local highs because the market is in a bullish trend .
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#EURUSD
🔥New idea - Link
EURUSD is trading in an ascending channel. The market is making shallow higher highs, indicating bearish pressure, and we might see some pullback. Price was rejected by psychological level 1.06000, and it is likely to pull back or consolidate at that level.
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#CHFJPY
🔥New idea - Link
CHFJPY is trading in the descending channel. The market is testing the resistance level (swing zone) and channel border. Price action is printing lower lows and lower close. The trend is bearish , so the price is likely to test the support level .
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#USDCAD
🔥New idea - Link
USDCAD moved out of the descending channel and created an ascending channel . The market is consolidating after bouncing off of resistance and dynamic resistance (trendline). Price is expected to fall from psychological level 1.35000. We expect the downtrend to continue since the trend is bearish.
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#GOLD
🔥New idea - Link
Gold failed to break through the psychological level of 1800 and the trendline. Price pulled back after making a higher high and higher close. The market is in consolidation, and price is likely to move higher and test resistance since we have a bullish trend. We are considering buying at the confluence level: the support and border of the channel, which act as dynamic support.
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#EURUSD
🔥New idea - Link
EURUSD bounced off the resistance level . The price action tested the trendline and closed below it, creating a double top. It failed to make a higher high, resulting in a potential Head&Shoulders pattern. We anticipate retest the support level.
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#EURJPY
🔥New idea - Link
EURJPY moved out of the descending channel . The market is testing the psychological level 144.000 by making a pullback. Price action is printing lower lows and lower close. The trend is bearish , so the price is likely to test the support level .
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