Hello everyone!
#EURUSD
🔥New idea - Link
EURUSD is at the resistance level , and price action has printed divergence. The market is consolidating in an ascending channel at the resistance level . On the daily timeframe , the market is massively overbought. We expect a short term pullback to test the middle of the consolidation zone.
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#GBPUSD
🔥New idea - Link
GBPUSD is currently trading in an ascending channel. The market rebounded from the psychological level at 1.24500 and the upper border of the channel . If price prints a double top at the resistance level , then it is likely to test the support level.
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#CHFJPY
🔥New idea - Link
CHFJPY is trading in the descending channel on the 4H timeframe. The market is testing the resistance level (swing zone) and dynamic resistance. Price action is printing lower lows and lower close indicating bears are in control. The price is likely to test the support level .
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#GOLD
🔥New idea - Link
GOLD is consolidating above the 1920 support level. Price is making higher highs and a higher close. The price is getting close to the Fibonacci 38.2 level as well as dynamic support + support. We anticipate further consolidation until price action shows us otherwise.
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Hello everyone!
#EURUSD
🔥New idea - Link
EURUSD is trading in an ascending channel , and it has tested the resistance zone and rebounded. The market made a false break at the resistance level , which is a great indication that the price will retrace. Price action is printing a potential harmonic pattern , and we have an AB=CD pattern where the D point is right at target level. We expect a bearish move.
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#EURCAD
🔥New idea - Link
EURCAD is making lower highs and equal lows, which means bears are putting pressure on the support level . Bears pushed price below the psychological level 1.46000, and we have divergence on the 4H timeframe. As in the past, we could see a large sell-off.
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#AUDJPY
🔥New idea - Link
AUDJPY is consolidating between 92.000 and 87.500. The market is in a downtrend, and price is pulling back to resistance level . Price is testing at psychological level 92.000. We will look for selling opportunities because of the pullback within the global bearish trend .
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#GOLD
🔥New idea - Link
GOLD broke the consolidation and closed above the major level at 1930. Price is making higher highs and higher closes, which has created an ascending channel . Following the momentum move, price action is forming a potential AB=CD pattern. We anticipate a breakout-pullback-continuation pattern.
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