#GBPAUD: Important Breakout GBPAUD was stuck for some time on 1.75 - 1.763 horizontal supply area. That structure was finally broken this week. It turned in a demand zone now. I will expect a bullish wave from that at least to 1.788 15 Best Forex Breakout Strategies
#EURGBP: Time to Fall EURGBP has nicely respected a wide 4H horizontal supply area. The price formed a triple top pattern on that and broke its neckline then. I expect a bearish move to 0.8798 / 0.8789
Nasdaq-100 Index (#US100) Short Trade Explained Nasdaq Index is approaching a key daily structure resistance. The price has formed a descending triangle formation on that on 1H time frame. Its neckline was broken, and an hourly candle closed below that, confirming a highly probable coming bearish movement. Next support: 12000
#USDJPY: Waiting For a Breakout ⚠️USDJPY is testing a solid horizontal daily resistance. If the price breaks and closes above 134.5 - 135.5 area, it will push the market much higher. The next goal for buyers will be 137.6 level.
Gold (#XAUUSD): The Breakout! So it turned out that Gold dropped again. After the release of US fundamentals on Friday, bears started to push. The price managed to close below a key daily horizontal structure support cluster. It turned into resistance now. Probabilities are high, and the market will keep falling next week. Next support - 1787
Dollar Index (#DXY): Key Levels to Watch Here is my latest structure analysis for ⚠️Dollar Index. Resistance 1: 105.3 - 105.8 area Resistance 2: 106.8 - 107.2 area Resistance 3: 107.80 - 108 area Support 1: 103.6 - 103.95 area Support 2: 102.25 - 103.2 area Vertical Support 1: rising trend line Consider these structures for pullback/breakout trading.
#USDJPY: Bulls May Push Higher Update for my Friday's post on USDJPY. The price managed to close above a solid resistance cluster. It turned into a support now. The bullish rally will most likely continue. Next resistance - 137.8 Wait for an occasional retest of a broken structure for safer entries.
Gold (#XAUUSD): Time To Sell Gold is retesting a recently broken structure. The price has nicely respected a confluence point based on the underlined resistance and 618 retracement of the last bearish impulse. As the extra confirmation, the price formed a double top pattern. I expect a bearish move to 1808 / 1801
#USDCAD: Key Levels to Watch This Week Here is my latest structure analysis for ⚠️USDCAD. Resistance 1: 1.366 - 1.3707 area Resistance 2: 1.3745 - 1.381 area Support 1: 1.347 - 1.352 area Support 2: 1.3225 - 1.329 area Vertical Support 1: major falling trend line . Consider these structures for pullback or breakout trading strategy.