Hello everyone!
#EURUSD
🔥New idea - Link
EURUSD broke out of the ascending channel and it is testing the resistance zone and dynamic resistance. The market overall is consolidating because, price action is printing HHs and LLs, indicating indecision in the market. We expect a bearish move.
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#USDCAD
🔥New idea - Link
USDCAD broke out of the ascending channel. The market formed a consolidation zone, price broke and closed below the zone. Price is is testing a psychological level of 1.34000 and dynamic support. We anticipate a retest of the resistance .
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#USDJPY
🔥New idea - Link
USDJPY is trading in the descending channel. Price is returning to the resistance level as a result of the market making a shallow lower low, indicating that the bears were unable to push the price lower. The marker is likely to retest the resistance level , potentially resulting in an AB=CD pattern. We expect a retest of the resistance level .
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#GOLD
🔥New idea - Link
GOLD is pulling back to the support level from the upper border of the ascending channel . The market is in the bullish trend . Price is making higher highs and higher closes, indicating that bulls are in control. We anticipate a retest of the major resistance level until price shows otherwise.
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Hello everyone!
#EURUSD
🔥New idea - Link
EURUSD broke and closed above the consolidation zone. Consolidation zones typically act as both support and resistance. The market is above the psychological level of 1.7000. We expect a retest of the consolidation zone and the upper channel's border, which is dynamic resistance.
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#AUDCAD
🔥New idea - Link
AUDCAD is currently trading in an ascending channel. The market broke and closed below the level of 0.92500. Price action is likely to move down and retest the support and the lower channel's border. We expect a pullback from the resistance level .
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#EURCAD
🔥New idea - Link
EURCAD moved out of the descending channel. The market pulled back to the resistance level with a deceleration. Price broke and closed above the psychological level at 1.44000. We expect a retest of the resistance level followed by a bearish move.
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#GOLD
🔥New idea - Link
GOLD is consolidating after a strong move up in price. The market is moving in an accumulation-expansion pattern. The market is trading in an ascending channel by making HHs and HLs. We anticipate a buying opportunity at the confluence of the support and trendline.
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