Hello everyone!
#AUDCHF
🔥New idea - Link
AUDCHF has reached a support level, but noctice it made shallow lower low. Price action is likely to retrace from support and retest the highs. The market is pulling back against the major bearish trend, projected pullback is equal to the previous pullback that occurred before. We expect selling opportunities at the resistance and fibo levels.
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#EURCAD
🔥New idea - Link
EURCAD broke and closed below the ascending channel. Bulls could not push the price higher, and it dropped following the double top at the resistance level. Price action might create an AB=CD pattern. We expect a pullback, then a trending down from the level where the price fell.
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#GOLD
🔥New idea - Link
GOLD is in the consolidating zone following the drop from the resistance. It's printing the AB=CD pattern. Since the trend is bearish, we keep looking for selling opportunities. The kill zone for shorting opportunities has created dynamic resistance and strong resistance at the 1930 and fibo levels. We anticipate a pullback to resistance and to short the market from it.
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Hello everyone!
#NZDJPY
🔥New idea - Link
NZDJPY broke and closed below the psychological level of 87.000. Price pulled back to psychological level and 61.8% fibo retracement following bearish move. If the price action breaks out of the trendline, we can look for selling opportunities. Price action is likely to go further down to complete the AB=CD pattern if the market moves down.
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#DXY
🔥New idea - Link
DXY is in an ascending channel, making higher highs and higher closes. It broke through the consolidation zone and moved higher. If price pullbacks to the support level and the Fibo 50% level, the market will probably go up by grabbing liquidity below the recent low. We expect the trend to continue and retest the highs.
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#GOLD
🔥New idea - Link
GOLD is decelerating at a psychological level of 1900. The market may pull back to resistance levels. If gold makes a correction, we can sell the market from the kill zone for shorting opportunities where there is resistance at 1915 and 50% fibo levels. We anticipate a pullback and short the market.
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Hello everyone!
#AUDUSD
🔥New idea - Link
AUDUSD is moving in the descending channel and has made lower lows. The price is pulling back to the resistance level at 0.65000, which is the psychological level. Price action formed a kill zone for the short opportunity: fibo level 78.60% and dynamic resistance. We expect a bearish move from the kill zone.
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#GBPUSD
🔥New idea - Link
GBPUSD broke out of the descending channel. Price action created a bearish harmonic pattern. The market reached the resistance level, where the price made a sharp move down. If the price prints a double top at the resistance level, then it is likely to test the support level.
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#GOLD
🔥New idea - Link
GOLD is in the consolidating zone following the drop from the resistance. The market broke and closed below the reaction zone. Now the price is pulling back to the zone where we have resistance and a 50% fibo level. We anticipate further consolidation until a new trend is confirmed.
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