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GBPUSD > Possible Bottom, Waiting for Confirmation to BuyAnalysis of #GBPUSD
The GBPUSD might be bottoming here, as we have clean trendline resistance and trendline support.
Currently, the market is trying to get above 1.1800, let's see if traders are ready to make a big move before tomorrow's Jackson Hole meeting.
I am currently looking for a confirmation on the lower time frame, to see if I can get in a buy trade.
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XAUUSD > Trading Plan for A BuyAnalysis of #XAUUSD
Gold might keep going down to retest the lows near 1700-1690 which could make a good place to start looking for a but entry on the lower time frame.
As you can see last time the market tested 1700, it rallied by 7.5%
I will look for a reversal pattern with confirmation before committing to a buy entry if the market retests the lows
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AUDUSD > A Small Bullish Harmonic Bat Pattern.Analysis of #AUDUSD
While why Wall Street is so focused on the fed’s Jackson hole conference, we can plan some short-term ideas.
This is a small bullish harmonic bat pattern that might come today to provide a reason to get in abuy trade if the rules for entry are met.
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BNB: Bearish Inverse Cup & Handle!!Hello Guys,
BNB is looking bearish here. It is forming inverse cup & handle pattern (which is generally a bearish pattern).
Important support area is $273-$278 (support line of inverse cup & handle pattern).
If it breaks below the support then we can see more dump ($250ish area)
You can open a short position after breakdown of support area with low leverage.
SL: Above $311
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OPUSDT - Channel Breakout!OPUSDT (4h Chart) Technical analysis
OPUSDT (4h Chart) Currently trading at $1.26
Buy level: Above $1.25
Stop loss: Below $1.072
Target 1: $1.37
Target 2: $1.61
Target 3: $1.84
Target 4: $2.2
Max Leverage 3x
Always keep Stop loss
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