#GBPCAD
🔥New idea - Link
GBPCAD broke and closed below the ascending channel . The market has reached major resistance. Notice, price action printed big red candles, indicating that there's no strength to go higher. Price action is likely to pullback to the support level and go further down.
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#GOLD
🔥New idea - Link
GOLD has reached the major resistance level. The market is trading in an ascending channel. Price action is likely to pullback from the major resistance level and the upper channel's border if price makes a false break. We expect a short term pullback.
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#EURUSD
🔥New idea - Link
EURUSD is consolidating in the middle of the consolidation zone, which usually acts as support and resistance levels. The markets created a massive red candle, meaning that bulls were pushed back. Price is coiling up before breaking out. We expect a sharp bearish move and AB=CD pattern.
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#GBPAUD
🔥New idea - Link
GBPAUD tested the psychological level at 1.7700 and went down. The market is trading in the descending channel , indicating a bearish trend. Price action created a double bottom after a massive bearish move. We expect a trend continuation trade.
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#GBPUSD
🔥New idea - Link
GBPUSD is testing the resistance zone and dynamic resistance. Price action has previously rebounded from this level. The market broke and closed below the psychological level at 1.21000, which gives the trend a slightly bearish sentiment. We expect the price to retest the support .
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#GOLD
🔥New idea - Link
GOLD is pulling back to the support level. The market is trading in an ascending channel . Price is making higher highs and higher closes, indicating an uptrend. We anticipate a retest of the major resistance level until price shows otherwise.
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#EURUSD
🔥New idea - Link
EURUSD broke and closed below the support level that became a resistance. The market is testing a major support level at 1.05000, which is a psychological level. Price action is approaching the confluence level: support + trendline (dynamic support) + psychological level of 1.05000. We anticipate a short-term pullback.
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#EURAUD
🔥New idea - Link
EURAUD broke out of the descending channel. The market is consolidating at the resistance level after pulling back from the support level . Price action is printing HLs and LLs and is likely to go down from the psychological level 1.5600 + resistance + trendline (dynamic resistance).
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#AUDCAD
🔥New idea - Link
AUDCAD is currently trading in an ascending channel. The market created a consolidation zone, or box. Price action is printing higher highs, and it's likely to move up and retest the resistance and trendline. We expect a pullback from the support level.
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#GOLD
🔥New idea - Link
GOLD was pushed back, and it broke through the ascending channel. The market rejected the resistance and created a double top. Price action will most likely go down to retest the support level. We expect a short term pullback from the resistance.
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