#NZDCAD: Classic Breakout Trade
NZDCAD was trading within a narrow horizontal range on a 4H time frame
and stuck between 2 intraday horizontal structures.
Bearish breakout of the range support is a strong intraday bearish confirmation.
It increases the probabilities that the breakout is valid.
We can expect a fall at least to 0.8008
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4-hour time frame
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My broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
NZDCAD was trading within a narrow horizontal range on a 4H time frame
and stuck between 2 intraday horizontal structures.
Bearish breakout of the range support is a strong intraday bearish confirmation.
It increases the probabilities that the breakout is valid.
We can expect a fall at least to 0.8008
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4-hour time frame
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My broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
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#GBPUSD: Classic Pullback Trade
The GBPUSD pair shows a high probability of retracement from the underlined daily horizontal resistance level.
The formation of a bearish engulfing candlestick pattern on the hourly timeframe serves as a strong confirmation signal.
Target objective: 1.3409.
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Daily/Hourly time frame
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My broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
The GBPUSD pair shows a high probability of retracement from the underlined daily horizontal resistance level.
The formation of a bearish engulfing candlestick pattern on the hourly timeframe serves as a strong confirmation signal.
Target objective: 1.3409.
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Daily/Hourly time frame
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My broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
#USDJPY: Strong Bearish Pattern Spotted
The USDJPY pair formed a significant head and shoulders pattern on a four-hour timeframe.
The neckline was breached earlier today by a bearish candle with considerable momentum.
It seems plausible that the pair could experience a further decline at this point. The subsequent support level is anticipated to be around 147.77.
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4-hour time frame
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My broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
The USDJPY pair formed a significant head and shoulders pattern on a four-hour timeframe.
The neckline was breached earlier today by a bearish candle with considerable momentum.
It seems plausible that the pair could experience a further decline at this point. The subsequent support level is anticipated to be around 147.77.
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4-hour time frame
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My broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
#EURAUD: Another Bearish Forex Pair to Trade
Another pair that appears to be showing a strong bearish trend, in my assessment, is 📉EURAUD.
Based on price action analysis:
The market had been experiencing a positive trend, but it began to lose momentum as it approached a significant horizontal resistance level.
Subsequently, the price began to consolidate before declining, ultimately violating a horizontal support level within the trading range.
The market will probably continue to decline. The next support level is anticipated to be at 1.7698.
Another pair that appears to be showing a strong bearish trend, in my assessment, is 📉EURAUD.
Based on price action analysis:
The market had been experiencing a positive trend, but it began to lose momentum as it approached a significant horizontal resistance level.
Subsequently, the price began to consolidate before declining, ultimately violating a horizontal support level within the trading range.
The market will probably continue to decline. The next support level is anticipated to be at 1.7698.
#EURUSD: How to Catch a Bullish Wave?
📈EURUSD retested a recently broken horizontal structure on a 4H chart.
After its test, the price formed an inverted head and shoulders pattern
and violated a resistance line of a bullish flag formation.
To catch a bullish wave with a confirmation, wait for a bullish breakout above the neckline of the H&S pattern,
Then the retest of an underlined blue supply cluster will be your buy zone.
With a stop loss below the right shoulder, we may catch a nice swing trade here.
Goal will be 1.1814
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4-hour time frame
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My broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
📈EURUSD retested a recently broken horizontal structure on a 4H chart.
After its test, the price formed an inverted head and shoulders pattern
and violated a resistance line of a bullish flag formation.
To catch a bullish wave with a confirmation, wait for a bullish breakout above the neckline of the H&S pattern,
Then the retest of an underlined blue supply cluster will be your buy zone.
With a stop loss below the right shoulder, we may catch a nice swing trade here.
Goal will be 1.1814
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4-hour time frame
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My broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
❤1
The Ace Trading (Backup)
#USDJPY: Strong Bearish Pattern Spotted The USDJPY pair formed a significant head and shoulders pattern on a four-hour timeframe. The neckline was breached earlier today by a bearish candle with considerable momentum. It seems plausible that the pair…
#USDJPY successfully reached our target
GOLD (#XAUUSD): Bullish Rally Continues
It appears that gold is expected to continue its upward trend, potentially reaching the 3920 level.
A confirmed break of structure on the 4-hour chart suggests that buyers are currently in control.
Given the lack of significant US news today, the market is anticipated to maintain a strong bullish sentiment.
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4-hour time frame
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My broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
It appears that gold is expected to continue its upward trend, potentially reaching the 3920 level.
A confirmed break of structure on the 4-hour chart suggests that buyers are currently in control.
Given the lack of significant US news today, the market is anticipated to maintain a strong bullish sentiment.
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4-hour time frame
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My broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
GBPUSD: Short-Term Bullish Sentiment
During the Asian session, GBPUSD demonstrates a strong bullish sentiment on a 4-hour timeframe, with the price violating a significant daily/intraday resistance level.
This confirms a Change of Character (CHoCH) pattern, suggesting a high probability of continued bullish movement.
Based on this analysis, a price target of 1.3518 is anticipated.
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4-hour time frame
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My broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
During the Asian session, GBPUSD demonstrates a strong bullish sentiment on a 4-hour timeframe, with the price violating a significant daily/intraday resistance level.
This confirms a Change of Character (CHoCH) pattern, suggesting a high probability of continued bullish movement.
Based on this analysis, a price target of 1.3518 is anticipated.
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4-hour time frame
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My broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
❤2
BITCOIN (#BTCUSD): Road to All-Time High!?
It appears quite likely that 📈Bitcoin will continue to rise,
Following the conclusion of a corrective movement on the 4-hour timeframe,
as indicated by a confirmed bullish Change of Character (CHoCH).
The probability is high that the price will reach the 123,000 level,
with a strong likelihood of setting a new All-Time High (ATH).
It appears quite likely that 📈Bitcoin will continue to rise,
Following the conclusion of a corrective movement on the 4-hour timeframe,
as indicated by a confirmed bullish Change of Character (CHoCH).
The probability is high that the price will reach the 123,000 level,
with a strong likelihood of setting a new All-Time High (ATH).
❤1
DOLLAR INDEX(#DXY) : Bearish Outlook Explained
The recent violation of horizontal daily support on the 📉DXY presents a reliable bearish signal.
This indicates a mid-term trend favoring sellers.
It is anticipated that the price may decline to the 97.20 support level in the near future.
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4-hour time frame
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My broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
The recent violation of horizontal daily support on the 📉DXY presents a reliable bearish signal.
This indicates a mid-term trend favoring sellers.
It is anticipated that the price may decline to the 97.20 support level in the near future.
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4-hour time frame
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My broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
US CRUDE OIL (#WTI): Strong Bearish Signal?!
The price of 📉USOIL appears to be showing bearish tendencies following a consolidation period of two months.
A bearish breakout below the support level of a sideways range often serves as a dependable confirmation signal.
Consequently, a downward movement towards the support level of 59.00 is anticipated.
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Daily time frame
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My broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
The price of 📉USOIL appears to be showing bearish tendencies following a consolidation period of two months.
A bearish breakout below the support level of a sideways range often serves as a dependable confirmation signal.
Consequently, a downward movement towards the support level of 59.00 is anticipated.
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Daily time frame
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My broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
#USDCAD: Important Breakout
📈USDCAD formed a high-momentum bullish candle yesterday, on a 4-hour time frame,
This candle closed above a significant horizontal resistance level.
The violated structure and a prominent ascending trend line now create a contracting demand zone, which is the area where the next bullish movement is anticipated to begin.
The subsequent resistance level is at 1.3986.
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4-hour time frame
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My broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
📈USDCAD formed a high-momentum bullish candle yesterday, on a 4-hour time frame,
This candle closed above a significant horizontal resistance level.
The violated structure and a prominent ascending trend line now create a contracting demand zone, which is the area where the next bullish movement is anticipated to begin.
The subsequent resistance level is at 1.3986.
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4-hour time frame
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My broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
GOLD (#XAUUSD): Waiting For Breakout
Update for ⚠️Gold:
It has been observed that the market is currently trading within a significant ascending parallel channel on a 4-hour chart.
Upon analyzing the hourly timeframe, a cup and handle formation has been identified, with a neckline situated between 3858 and 3864.
It is anticipated that a trend-following movement may commence shortly.
To validate this, it is advisable to await for a bullish breakout of the designated blue area.
Confirmation would require an hourly candle to close above that level.
Subsequently, the market is expected to rise to at least 3900.
Update for ⚠️Gold:
It has been observed that the market is currently trading within a significant ascending parallel channel on a 4-hour chart.
Upon analyzing the hourly timeframe, a cup and handle formation has been identified, with a neckline situated between 3858 and 3864.
It is anticipated that a trend-following movement may commence shortly.
To validate this, it is advisable to await for a bullish breakout of the designated blue area.
Confirmation would require an hourly candle to close above that level.
Subsequently, the market is expected to rise to at least 3900.
The Ace Trading (Backup)
ETHEREUM (#ETHUSD): Time to Recover It appears that a confirmed bullish reversal is evident on the 📈Ethereum, following a test of a significant daily horizontal support level. The formation of an ascending triangle pattern, coupled with a subsequent violation…
#ETHUSD successfully reached our target 📈
SILVER (#XAGUSD): One More Bullish Wave is Coming?!
⚠️ SILVER appears to be confined within a horizontal range, as observed on the 4-hour chart. The price is currently nearing the upper limit of this range.
Given the prevailing strong bullish trend, there is a considerable likelihood of a continued upward movement.
A breakout and a 4-hour candle closing above the indicated resistance level would serve as a dependable confirmation.
The subsequent objective for buyers is anticipated to be 49.00.
Conversely, the market might persist in its consolidation phase, trading within the established range.
⚠️ SILVER appears to be confined within a horizontal range, as observed on the 4-hour chart. The price is currently nearing the upper limit of this range.
Given the prevailing strong bullish trend, there is a considerable likelihood of a continued upward movement.
A breakout and a 4-hour candle closing above the indicated resistance level would serve as a dependable confirmation.
The subsequent objective for buyers is anticipated to be 49.00.
Conversely, the market might persist in its consolidation phase, trading within the established range.