#AUDCAD
🔥New idea - Link
AUDCAD is pulling back to the potential confluence zone, resistance level, and golden ratio of 61.8%. The market is printing small candles, which means bulls are running out of steam. Price action is likely to move down from the kill zone since we have a bearish trend and the current bullish move is just a pullback. We expect a sharp move down.
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#GOLD
🔥New idea - Link
GOLD is trading in the descending channel. The market is pulling back to resistance levels and the 50% fibo retracement. Price action is creating a strong bearish move while pullbacks are weak, and this is an indication that bears are in control. We expect a short term trend continuation trade.
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Hello everyone!
#EURUSD
🔥New idea - Link
EURUSD is consolidating. It could break and close above the resistance at 1.09800. It's an indication that the bull has run out of steam. Price action is most likely to continue consolidating. A breakout of the consolidation zone will determine future price action. We anticipate further consolidation or a bearish move if price breaks the consolidation zone.
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#AUDNZD
🔥New idea - Link
AUDNZD is currently testing a major resistance level. The market is creating a double top with divergence and a bearish harmonic pattern. We expect a pullback from this level since the trend is bearish.
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#AUDUSD
🔥New idea - Link
AUDUSD recently made a double top at the resistance level. The price broke and closed below the ascending channel. The market is consolidating on the 4H timeframe, and price likely will retest the support by creating AB=CD pattern. We expect a bearish move.
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#GOLD
🔥New idea - Link
GOLD broke and closed below the consolidation zone. It's trading in a downward channel, and it's approaching a significant support level and confluence level. Price is testing dynamic support and the channel's border, which creates a trading opportunity. We look for short-term counter-trend trade opportunities at the confluence level.
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