LOCAL
XAUUSD🤑Resistance level❗The price continues to move in a downward channel. A local support level was formed at the center of the channel, as a result of which there was a prospect of further growth when the resistance level was broken. But so far everything is also moving in the range 1749-1762
Have a nice trade!
EUR-AUD Local Short! Sell!
Hello,Traders!
EUR-AUD is going up from the key support level
Just as I predicted in my previous analysis
Now,the pair is set to retest the horizontal resistance
And while I remain bullish on the pair long term
I am expecting a local pullback
With the target being the level
That is half way towards the support
Sell!
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✅CRUDE OIL LOCAL SHORT🔥
✅ CRUDE OIL is retesting a daily falling resistance
While on the lower timeframes we can see
That the resistance confluences with the local
Rising resistance level as well
And the price actually pulled back on the retest
So I think that a further bearish reaction is possible
But the limited in scope, thus the target is nearby
SHORT🔥
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Look Familiar? Just seeing a very similar 'distribution' pattern taking shape on a smaller scale.
Thoughts?
EUR-AUD Local Short! Sell!
Hello,Traders!
EUR-AUD has bounced off the wide weekly level below
And the pair will soon retest the local resistance
From where I am expecting a bearish reaction
After the pair retests the level
Sell!
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USD-JPY Local Short! Sell!
Hello,Traders!
USD-JPY is trading in an opening wedge
And we can see that the price is ready to retest a resistance cluster
From where I am expecting a local pullback
To potentially retest the local low
Sell!
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EUR-AUD Local Long. Technical analysis!
Hello, Traders!
EUR-AUD went Up from double bottom
Just as I predicted in my previous analysis
Now the pair established a strong support at this level
And I think will go Up to retest the resistance once again
Buy!
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BTC USD 1 H chart ascending channel formed According to the BTC, such a beautiful ascending channel is also formed, the boundaries of which ideally correspond to the levels of supported resistances.
I look forward to a local decline in prices in the range of 8950-8800, and continued growth to 9280-9500 where there is strong resistance.
I do not exclude the growth from current levels, but there are sensations that we are locally overheated.
Today, the closure of CMEs and on weekends, the price may be blocked in a flat with the removal of stops in both directions.
This is just my opinion, and is not a call to action)
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What exactly do traders mean when they say "local high"You've probably heard the term used in a sentence somewhere, for example, "I'm now looking for divergence on the one hour chart of bitcoin because a local high has been established"
Well this snap shot shows how a local high for an hourly time frame is established. The top of the wick (the highest point reached as of late) is at $13880 and soon after you see a candle trading below the low of that candle ...
If you're interested in learning more, subscribe to my youtube channel : "Kick Back Time"
If I start to recieve subsbribers I will be encouraged to make instructional videos there, going into greater in depth knowledge and detail
I will be adding to this post to show more examples
BTCUSD local viewWe are in wave A5 from a global view. It has a five-wave structure. Now there is the fourth corrective wave. At the end of the large movement, most of the market participants are in short positions, because of this, the fourth wave was delayed and now forms either a flag or a pennant/triangle to set the desired position. We consider the opening of a short position from the zone 7200-7500 with targets to the zone of strong resistance 5000-6000.