AUDCHF: Multiple Time Frame Analysis & Bearish Outlook 🇦🇺🇨🇭
AUDCHF has recently broken and closed below a major rising trend line.
We see its retest today.
The price formed a descending triangle formation on that.
The neckline of the pattern was broken.
It is an important indication of the strength of the sellers.
I expect a bearish continuation now.
Goal - 0.5872
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Priceactionstrategy
GBPJPY: Bullish Pattern... Again! 🇬🇧🇯🇵
No surprise, GBPJPY is trading in a bullish trend.
However, after the price reached, 183.77 level at the end of June,
the pair started to consolidate.
The market formed a cup and handle pattern on 4H time frame.
Its neckline breakout will be a very strong trend-following signal.
4H candle close above 183.88 will confirm the breakout.
A bullish continuation will be expected to 184.5 level then.
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EURGBP: Top-Down Analysis & Bullish Outlook 🇪🇺🇬🇧
EURGBP broke and closed above a solid falling trend line on a daily.
We see its retest now.
The price formed a double bottom formation on that
and violated its neckline with a high momentum bullish candle.
I expect a growth now.
Next resistance - 0.8622
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AUDCAD: Trading Plan For Today 🇦🇺🇨🇦
AUDCAD is approaching a key horizontal daily support.
Testing that the price formed a double bottom formation on 1H time frame.
0.9 - 0.9002 is its neckline.
If the price breaks and closes above that on an hourly,
I will expect a bullish continuation.
Goals will be 0.9023 / 0.904
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EURGBP: Your Trading Plan For Today 🇪🇺🇬🇧
EURGBP is consolidating on a key level.
The price formed a horizontal range on 1H time frame.
To buy the pair with a confirmation, I would suggest looking for a breakout of the resistance of the range.
4H candle close above will confirm a violation.
Buy aggressively or on a retest then with initial target - 0.858 level.
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AUDCAD: Short From Key Level 🇦🇺🇨🇦
AUDCAD was steadily growing within a rising channel after it set a new lower low around 0.88 level.
The price reached a key horizontal resistance on Friday.
After the test of the underlined blue zone, the market dropped and violated a support line of the channel.
I expect a bearish continuation now.
Goals: 0.8837 / 0.88
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EURCAD: My Plan to Sell 🇪🇺🇨🇦
EURCAD is trading on a key horizontal resistance.
To short the pair with a confirmation, watch a descending triangle formation on 1H time frame.
If the price breaks its neckline, that will give us a trigger to short.
To confirm the violation, we will need an hourly candle close below 1.4607.
A bearish continuation will be expected to 1.4579 / 1.4555
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USDCHF: Your Detailed Trading Plan 🇺🇸🇨🇭
USDCHF pair is trading in a minor bullish trend.
The price sets higher lows, perfectly respecting a rising trend line on 4H.
The market is approaching the trend line at the moment,
To confirm one more bullish move from that, watch an inverted h&s pattern on 1H time frame.
Our trigger will be a bullish breakout of 0.8998 level - the neckline of the pattern.
The breakout will be confirmed with an hourly candle close above.
A bullish continuation will be expected to 0.9045 then
Alternatively, a bearish breakout of a trend line will trigger a bearish continuation.
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S&P500 Index (SPY) Pullback From Key Level
S&P500 Index reached a key horizontal support.
The price formed a double bottom, approaching that,
and successfully broke the neckline.
I expect a pullback at least to 4100 with a potential continuation to 4130.
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EURNZD: Bullish Move From Key Level 🇪🇺🇳🇿
EURNZD reached a key level.
The price was steadily falling within a channel.
After the test of structure, the resistance of the channel was broken,
a double bottom formation was formed then.
I expect a pullback.
Goals: 1.783 / 1.793
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GBPCAD: Cup & Handle Pattern 🇬🇧🇨🇦
Analyzing a price action on GBPCAD on a daily time frame,
I spotted a perfect example of a Cup & Handle pattern.
The price has already broken and closed above a neckline, confirming the strength of bulls.
I expect a bullish continuation to 1.707 / 1.724
For entries, consider the occasional retest of a broken neckline.
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AUDCAD: Bullish Reversal Confirmed?! 🇦🇺🇨🇦
AUDCAD reached a very important zone of confluence this week:
we see a perfect match between a key horizontal daily support and 618 retracement of the major bullish impulse.
The price formed a double bottom pattern on that and violated its neckline.
It looks like the market may go higher.
Goals: 0.9118 / 0.92
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CADJPY: Bearish Move From Key Level 🇨🇦🇯🇵
CADJPY reached a key horizontal daily resistance this week.
Analyzing the reaction of the price to that on intraday time frames,
I spotted a head & shoulders pattern and a rising channel.
The price manage to break both the neckline of h&s and a support line of the channel.
It will most likely trigger a bearish continuation.
Goals will be: 99.59 / 99.1
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NZDJPY: Bearish Continuation 🇳🇿🇯🇵
NZDJPY has recently reached a major horizontal supply zone on a daily.
The price was coiling on that for many days, forming a horizontal range on 4H time frame.
Its support was broken today.
I believe that sellers will keep pushing the pair.
Targets: 86.6 / 80.77
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Momentum in canara bankChart shows that stock is near important resistance near 277 and also following a trend line which combine make a ascending triangle pattern breakout above 277 will give target to 279.5 and 282 .
If stock breaks trendline and important support of 273.8 than stock might fall till 271
AUDNZD: Waiting For Breakout 🇦🇺🇳🇿
AUDNZD is trading in a bearish trend.
The price is currently accumulating within a descending triangle formation.
1.067 - 1.069 is its neckline.
If the price breaks and closes below that on a daily, probabilities will be high that the market will drop lower.
Next support will be 1.0627
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