Hello everyone!
#EURUSD
🔥New idea - Link
EURUSD is trading in the descending channel. The markets printed multiple massive red candles, meaning that bulls were pushed back. Price broke and closed below the consolidation zone. Additionally, the price action is making lower lows. We expect a sharp bearish move and an AB=CD pattern.
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#NZDUSD
🔥New idea - Link
NZDUSD is consolidating between the 0.6500 - 0.64500 levels. The price broke and closed below the strong resistance at 0.65000. The bulls could not push the price further up. On the daily timeframe , we have divergence and false breakouts. We expect a bearish .
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#AUDUSD
🔥New idea - Link
AUDUSD recently broke the dynamic support, which is an indication of a trend pause. Price attempted to break the resistance level multiple times, but it was pushed back. Because psychological levels act like magnets, the market is likely to retrace to 0.7000 and 50% fibo level.
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#GOLD
🔥New idea - Link
GOLD is in a consolidation zone after breaking out of the ascending channel . The resistance level at 1935 is holding the price. Price action is printing a possible AB=CD pattern if the price breaks out of the consolidation zone. We expect a short term pullback from the resistance.
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Hello everyone!
#EURUSD
🔥New idea - Link
EURUSD broke out of consolidation zone. Price fell from a strong resistance level of 1.08500, and the price action is printing LHs and LLs, indicating a bearish trend . The daily timeframe suggests that the price could fall to the 1.07000 support level . We anticipate a bearish move; all confluences indicate that the price may fall.
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#EURCAD
🔥New idea - Link
EURCAD is consolidating between 1.4600 and 1.4400 level . Price action has previously reacted several times to this zone. Price action is likely to move down from the confluence zone: the resistance and the lower channel's border + 61.8 % fibo. We expect a pullback from the resistance level .
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#AUDCAD
🔥New idea - Link
AUDCAD is currently trading in an ascending channel. The market pulled back to the support level , which is the confluence zone . Notice, price action approached the level by printing small candles with deceleration, indicating that there's no strength. Price action is likely to pullback to the support level and go up if price makes a false break.
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#GOLD
🔥New idea - Link
GOLD is pulling back to the major support level at 1900. The market is trading in a downward channel . Price broke and closed below the major level at 1920, which gives the market a bearish sentiment. However price action prints the bullish harmonic pattern after a sell-off. We look for short term counter-trend trade opportunities at the confluence level: support level + psychological number 1900 + harmonic pattern .
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