Hello everyone!
#NZDCAD
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NZDCAD is trading in the ascending channel. Price action pulled back following the retest of the resistance level. The market printed the pinbar at the confluence zone: support, fibo level, and dynamic support. We expect a bullish move and a retest of the resistance level.
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#EURUSD
🔥New idea - Link
EURUSD tested the support level at 1.10500 and the 50% fibo level. The market printed the engulfing candle, which could be confirmation of the trend's continuation. On the lower timeframe, the price showed a change of character, indicating a possible trend change. We expect the trend to continue.
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#GOLD
🔥New idea - Link
GOLD broke and closed above the consolidation zone. Price action created trading opportunities at the support level and trendline. Price made a shallow retracement, and that means bulls are stronger. We expect market resistance to retest.
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Hello everyone!
#GBPAUD
🔥New idea - Link
GBPAUD broke and closed below the psychological level at 1.91000. The market broke the structure on the 4 hourly chart, indicating a trend shift. Price action made a false breakout of the resistance, which is a shallow higher high, meaning bulls are running out of steam. We expect a channel break and a bearish move.
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#EURCAD
🔥New idea - Link
EURCAD moved out of the descending channel. The market consolidated around a significant level, but eventually it broke and closed above it. On the 4 hourly timeframe, the market created the endulfing candle, which might be a sign of the trend's continuation. We expect a retest of the resistance.
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