VasilyTrader (Free Forex Signals)
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PRO Trader and Trading Coach With 10-Year Experience

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#GOLD (#XAUUSD): Trading Plan BEFORE FOMC 🥇

📈Gold bounced yesterday, as I predicted.
Today, we see a retest of a broken daily resistance
that turned into support after a breakout.

BEFORE FED Rate Decision today, there is another opportunity
to buy Gold:
I see a double bottom pattern on an hourly time frame.
Bullish violation of its neckline and an hourly candle close above
3394 will provide a strong intraday confirmation.

It will push the prices at least to 3429 level.
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Daily/1H time frames
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BIG NEWS AHEAD!

In 30 minutes - FED Interest Rate Decision and FOMC⚠️

Most of the Major Forex pairs, Gold and other Dollar-related instruments were quite slow today awaiting the news.

Volatility may rise sharply, so be careful.
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MarketBreakdown | EURUSD, USDCAD, NZDUSD, USDCHF

Here are the updates & outlook for multiple instruments in my watch list.


1️⃣
#EURUSD daily time frame 🇪🇺🇺🇸

EURUSD formed a huge head and shoulders pattern.
The price is currently testing its horizontal neckline.
Bearish breakout of that and a daily candle close below
will confirm a bearish reversal and push the prices lower.

2️⃣ #USDCAD daily time frame 🇺🇸🇨🇦

The price is breaking a solid falling trend line.
Its violation is an important bullish signal that
indicates a strength of the buyers.

We can expect even more growth.

3️⃣ #NZDUSD daily time frame 🇺🇸🇳🇿

The pair is consolidating within a horizontal range.
The price is going to reach its support soon.
I suggest looking for a pullback trade from that then.

4️⃣ #USDCHF daily time frame 🇺🇸🇨🇭

The price is stuck within a horizontal parallel channel.
I expect a bullish continuation within that and a test
of its upper boundary.

Then, look for a confirmation to see and try to catch a retracement from that.
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Important News in 30 minutes 🔔

⭐️Bank of England Interest Rate Decision

Then, in 2 hours, US Initial Jobless Claims!⭐️
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#AUDCAD: More Growth Ahead?! 🇦🇺🇨🇦

📈AUDCAD bounced strongly after a test of a significant daily/intraday support cluster.

The price managed to violate a resistance line of a falling wedge
pattern
and close above that on an hourly time frame.

I expect a movement higher at least to 0.8944
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1H time frame
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Thank you for supporting my work, traders!💝
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#USDJPY: Pullback From Resistance 🇺🇸🇯🇵

There is a high chance that 📉USDJPY will retrace
from the underlined blue resistance cluster.

As a confirmation signal, I spotted a double top pattern
on that on an hourly time frame.

Closest support - 145.1
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1H time frame
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#GBPAUD: 2 Strong Bearish Confirmations 🇬🇧🇦🇺

📉GBPAUD is in a very bearish price action after a test
of the underlined horizontal resistance.

The price formed an inverted cup and handle pattern
and violated its neckline and a support line of a rising
parallel channel
on an hourly time frame.

Probabilities will be high to see a decline at least to 2.064 support.
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4H time frame
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#NZDUSD: Is That a Liquidity Grab?! 🇳🇿🇺🇸

📉NZDUSD formed a bearish trap after a test of an important
intraday demand zone.

A violation of a resistance line of a wedge pattern on an hourly
confirms a strong buying interest.

The price may bounce at least to 0.5913
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1H time frame
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#USDCAD: Important Breakout 🇺🇸🇨🇦

📈USDCAD broke and closed above a significant daily resistance cluster.
The broken structure turns into a solid demand zone now.

The next strong resistance is 1.3957.
It will most likely be the next goal for the buyers.
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Daily time frame
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DOLLAR INDEX (#DXY): Bullish Reversal Confirmed?! 💵

📈Dollar Index formed an inverted head and shoulders pattern on a daily.
Its neckline breakout is a strong bullish reversal signal.

The broken neckline of the pattern turns into a significant support now.
We can expect a growth from that at least to 101.25 resistance.
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Daily time frame
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🧑‍🎓 Learn How to Trade Head & Shoulders Pattern
👉 https://www.vasilytrader.com/post/price-action-trading-inverted-head-shoulders-pattern
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