Hello everyone!
#EURJPY
🔥New idea - Link
EURJPY broke out of the ascending channel following three tops. It broke and closed below the significant level of 157.700. and the consolidation zone. Price movement is gaining momentum, and we might see a sharp bearish move. We expect a breakout, pullback, and continuation trade.
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#USDCAD
🔥New idea - Link
USDCAD is currently trading in an ascending channel. The market created a consolidation zone or triangle pattern. Essentially, the price is coiling up before breaking through the level. We anticipate a retest of the major resistance in anticipation of completing the AB=CD pattern.
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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 38.2% fibo. Price action is creating a false break of the resistance on the 1 hourly chart. We expect a trend-continuation trade.
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Hello everyone!
#GBPUSD
🔥New idea - Link
GBPUSD moved out of the descending channel and dropped. Price recovered from a strong support level of 1.26300, and the price action displayed a high number of doji candles, indicating indecision. The market reached the resitance level, which is a psychological level of 1.2700 and a 50% fibo level. We expect a move down.
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#AUDNZD
🔥New idea - Link
AUDNZD is currently testing the structure resistance level by completing the AB=CD pattern. It's decelerating while approaching resistance; candles are getting smaller. The market is creating a divergence and a bearish harmonic pattern on the 4H chart. We expect a pullback from this resistance level.
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#GOLD
🔥New idea - Link
GOLD is basically moving sideways, following bullish momentum. The market is decelerating at resistance levels. We have divergence as well. Price action shows price angulation at resistance, meaning there's a high chance the market will pull back. We expect a selling opportunity at the resistance.
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Hello everyone!
#EURGBP
🔥New idea - Link
EURGBP pulled back to resistance and 50% fibo levels following a massive sell-off. Price move is in the descending channel; bear's dominance The market printed a AB=CD pattern. We anticipate a bearish move since the trend is bearish. It's a simple pullback trade.
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#EURCAD
🔥New idea - Link
EURCAD broke and closed below the consolidation zone. Price is creating an AB=CD pattern. Price action is pulling back to the consolidation zone, which usually acts as support and resistance. It's going to be a breakout pullback continuation trade.
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