Hello everyone!
#AUDUSD
🔥New idea - Link
AUDUSD recently retraced at resistance, which is an indication of a trend pause. Price is in a bearish trend on the 4-hourly chart. However, we have price deceleration on the D chart. The market broke and closed above the support level that became resistance. It retested the level and rebounded from it. We expect a breakout pullback and continuation trade.
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#NZDCAD
🔥New idea - Link
NZDCAD is moving in the ascending channel; it reached the psychological level at 0.82000. The market is losing momentum while approaching resistance. The market is in a bearish trend on the D chart. We reversed the resistance and fibo extension levels.
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#GOLD
🔥New idea - Link
GOLD is approaching the resistance and the descending border of the channel. On the 4-hourly chart, we have lower highs and lower lows, and if the market pulls back to resistance, we look for selling opportunities at the 50% retracement zone. We expect a pullback and continuation of price action, or at least a rebound from the resistance.
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Hello everyone!
#USDCAD
🔥New idea - Link
USDCAD is currently trading in an ascending channel. The market broke and closed above the consolidation zone. Price pulled back to the kill zone: consolidation zone as support and fibo golden zone. We anticipate a retest of the major resistance.
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#GBPNZD
🔥New idea - Link
GBPNZD broke and closed below the consolidation zone, then pulled back to resistance following the double bottom. The market overall is consolidating, so we anticipate price action between borders. We expect further consolidation until the new trend is confirmed.
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#GOLD
🔥New idea - Link
GOLD has reached major resistance. The market decelerated while approaching the level, which may lead to a pullback. Price action is likely to continue consolidating until the new trend is confirmed by a breakout of the resistance or support levels. We expect a rebound resistance level because gold has reached a significant level.
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Hello everyone!
#EURNZD
🔥New idea - Link
EURNZD is testing the significant level at 1.77000, which is the psychological level. The market is making lower lows and lower closes in the descending channel, indicating a bearish trend. We expect a bounce off the resistance and channel border and a potential further bearish move.
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#CHFJPY
🔥New idea - Link
CHFJPY broke out of the descending channel and reached a strong resistance level. The market is getting close to the kill zone, which includes psychological level 166.000, dynamic resistance as well as fibo level, and a massive divergence. The price is likely to rebound from resistance and retest the support level .
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#GOLD
🔥New idea - Link
GOLD market is approaching resistance and the fibo golden zone. The market is decelerating at the resistance level. On the hourly chart, we have a potential double top. If price creates an engulfing candle, it's going to be a great signal to take a short trade because the pattern will show bear strength and an absortion of all buyers.
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