Hello everyone!
#EURUSD
🔥New idea - Link
EURUSD is trading in an ascending channel. The market is decelerating at resistance level , meaning candles are getting smaller. We have an AB=CD pattern where the D point is slightly above the resistance level . On the 4H timeframe, we can see divergence. We expect a bearish move; all confluences tell us that price could make a pullback.
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#USDCHF
🔥New idea - Link
USDCHF broke out of the ascending channel , which was essentially a pullback of the bearish trend . The market formed a BPC pattern (breakout pullback continuation) of the psychological level 0.92000. Price is making lower highs and lower lows, indicating potential consolidation. We expect a pullback from the confluence zone .
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#CHFJPY
🔥New idea - Link
CHFJPY is trading in the descending channel on hourly. The market broke and closed above the trendline and psychological level 141.000, indicating that the pullback has ended. We expect a retest of the major resistance before the major trend continues.
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#GOLD
🔥New idea - Link
GOLD has reached the major resistance level and pulled back to consolidation zone . The market is trading in an ascending channel . Price action made a false break of the consolidation zone, implying that the price may fall because bulls failed to push it higher. We expect a short term pullback.
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Hello everyone!
#EURUSD
🔥New idea - Link
EURUSD broke out of the ascending channel and retested it. Price fell from a strong resistance level of 1.09300, and the price action is printing HHs and LLs, indicating indecision or consolidation. The market formed AB = CD pattern. We expect a move down and further consolidation.
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#GBPJPY
🔥New idea - Link
GBPJPY market has tested and rebounded from support level at 160.700. Price action has been making higher highs, but it's consolidating on the higher timeframes. The market printed a pinbar reversal bar. We expect a retest of the major resistance level since the trend is bullish on the bigger timeframes.
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#EURNZD
🔥New idea - Link
EURNZD broke and closed below the 1.68000 support level , which became a resistance. It broke out of the ascending channel and continued trending down. There's a nice confluence zone to short at the resistance level . We expect a retest of the support level.
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#GOLD
🔥New idea - Link
GOLD was pushed lower ar consolidation zone. Bulls are clearly running out of steam. The market rejected the resistance three times, and the level held the price. If you notice that the price action is printing a possible head and shoulders pattern. We expect a pullback from the confluence zone; the resistance at 1935–1930 + 50% fibo + dynamic resistance cross.
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