#CHFJPY: Bullish Continuation Pattern CHFJPY is trading in a minor bullish trend on a daily. The price was accumulating for 3 weeks within an ascending triangle formation. Its resistance was broken on Friday, we see its retest now. I expect a bullish continuation to 148.3
#EURCHF: Trend-Following Setup EURCHF is approaching a confluence zone based on a horizontal supply area and 618 retracement of the last bearish impulse. The price formed a head & shoulders pattern, testing that. Its neckline was broken then. I expect a bearish move to 0.9732
#EURCAD: Important Breakout! EURCAD was consolidating for 3 months on a weekly. The price was coiling within a horizontal range. Its upper boundary was broken last week, and a weekly candle closed above that. Probabilities will be high, that a new bullish wave will initiate soon. Next resistance - 1.5
#USDCAD: Your Trading Plan For Today ⚠️USDCAD is consolidating on a key level. We see a narrow horizontal range on 1H time frame. To buy the pair with a confirmation, watch 1.369 - 1.37 horizontal resistance. If the price breaks and closes above that on 1H, the probability will be high that we will see a pullback from the underlined structure. The goals will be 1.374 / 1.378 For confirmation use Moving Average Indicator If the price sets a new lower low, the setup will become invalid.
CRUDE OIL (#WTI) Bearish Setup Explained On a today's live stream, we discussed WTI Oil. The price formed a tiny double top pattern on 1H time frame, approaching a wide supply cluster. Its neckline was broken. I expect a bearish continuation to 70.9 now.
#CADCHF: Bearish Move From Key Level CADCHF is approaching a key daily structure resistance. The price formed a double top pattern on an hourly time frame and broke its neckline to the downside then. I expect the retracement from the underlined zone. Goals: 0.673 / 0.67
GOLD (#XAUUSD): Key Levels to Watch Here is my updated structure analysis for Gold. Support 1: 1875 - 1890 area Support 2: 1855 - 1858 area Support 3: 1805 - 1813 area Resistance 1: 1950 - 1960 area Resistance 2: 1978 - 1998 area As I predicted on a live stream, the price nicely bounced from Support 1. I believe that the market will head towards Resistance 1. Consider the underlined structures for pullback / breakout trading.
Dow Jones Index (#US30): Waiting For Breakout ⚠️Dow Jones Index is very bearish since 7th of March. Currently, the price is stuck on a solid horizontal support, though. For now, I am patiently waiting for its breakout. Daily candle close below that area will confirm the violation. A bearish wave will be expected then at least to 30900 support. I will post an update once I spot a confirmed breakout.
#EURCAD: Top-Down Analysis & Trading Plan ⚠️EURCAD is approaching a peculiar horizontal demand zone. The price formed a doji candle, testing that on a daily. Analyzing a 4H, I spotted a double bottom with a higher low. 1.458 - 1.462 is its neckline. If the price breaks and closes above that on 4H, I will expect a bullish movement. Goals will be 1.469 / 1.473. ❗️If the price sets a new low though, the setup will become invalid For extra confirmation use german sniper indicator
#CADJPY: Bullish Outlook Explained CADJPY formed a cute double bottom on a key horizontal support on 4H. Its neckline was broken during the Asian session. I believe that the pair will most likely bounce. Target - 98.3