Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸
For the last 2 weeks, EURUSD shows a strong bearish momentum.
The price managed to break and close below a key daily support cluster.
A strong bearish reaction that followed after its retest confirms a strong
selling pressure.
I think that the pair has a potential to drop lower this week.
2️⃣ #GBPUSD daily time frame 🇬🇧🇺🇸
In comparison to EURUSD, GBPUSD looks very stable.
The pair is consolidating within quite a wide range on a daily.
For now, probabilities are high that sideways movement will continue.
Consider trading the upper and lower boundary of the underlined channel.
Alternatively, a breakout of one of the underlined structures will give you a strong
bullish/breaish signal.
3️⃣ #USDJPY daily time frame 🇺🇸🇯🇵
Looks like the market is returning to a mid-term bearish trend.
The price is currently breaking a support line of a bearish flag pattern.
A daily candle close below its support will provide a strong bearish confirmation.
4️⃣ #AUDUSD daily time frame 🇦🇺🇺🇸
I see a completed head & shoulders pattern on a daily.
The price is currently breaking its neckline.
A daily candle close below that will provide a strong bearish confirmation
and suggest a highly probable bearish continuation.
Do you agree with my market breakdown?
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.