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CADCHF BEARISH SETUPAfter the breakout on the resistance, the bounce on the pullback is failing to break the high and is reversed back towards the resistance again. Here if the price fails to hold the price above the resistance then we may see a drop inside the resistance level. If we can confirm a breakout on the channel formed then the following breakout bearish we are expecting will have a great potential to revisit the support highlighted.
EURUSD Support and Channel is Very Important at this StageEURUSD is on H4 Support which can have a reversal on the current price level if the price manages to hold the bearish pressure stronger enough. Also, a breakout on the channel formed after a reversal will be so promising for a strong rally to the upside.
USDCAD Will this Breakout Remains Valid to Revisit the Support?USDCAD Confirmed a nice breakout on the following trend line picked up but at the moment the price is on a pullback which managed to revisit the trend line. If the breakout remains strong and valid with more bearish pressure then we may see a dip back towards the support highlighted on the structure. The structure formed is an ascending triangle followed up with the resistance.
GBPUSD Preparing a Short- Term Lift Off!!GBPUSD has formed a successful falling wedge and now the breakout on the bullish pennant requires a nice reversal on the H1 support formed for the GU pair at the moment. The breakout and pull back have done already while we are facing a small setback on this pair which can be supporting a decent rally to the upside to clear the targets expected.
GBPJPY will make a Correction After a Breakout on this Channel GBPJPY Showed a nice growing channel with a breakout to the upside on the resistance formed. If the price goes for a breakout and manages to fall below the highlighted resistance level then we will see a further decline in the prices for GBPJPY in the H4 timeframe. The confirmation required here is not yet received and well managed short position will generate a decent profit worth 100-150 pips during the swing
SOLANA's Falling Wedge is a Key Structure at the moment. Watch!!SOL's Falling Wedge is a key structure now which can be spotted so easily on the H4 timeframe. Here the impulses are almost done and following the support is being actively present to stop the sell-off below 100. A clean bullish breakout is what I personally waiting to see at the moment on this falling wedge.
US30 Bull Flag formed waiting for a Bullish BreakoutUS30 Formed a nice bull flag where it has a good potential of revisiting close or above 35700 with a strong bullish breakout we are expecting here. Any price action which may fail to hold the price above the support highlighted will invalidate the setup.
ETH Has Formed another Bear Leg on the H4 timeframeETH has formed another bearish leg or flag on the H4 timeframe following the bearish trend we have seen recently. Here I am expecting a breakout to form on this bearish flag to revisit the support highlighted close to the 2850 area. Also, we can see the current bearish trend is also running nicely making impulses inside a channel. Any breakout before bear leg confirmation to the upside on this channel formed will invalidate the setup.
SHIBA's Robinhood Wave Rejected due to this Triangle PatternSHIB gained about 20% recently with the update of Robinhood listing and Whalebuys happened. But the reality is the news didn't makeup enough as many doggy lovers wait to see the prices above $0.01. Here during last week, I updated this pattern on my Twitter and now this setup is a real shocker at the moment. Prices dropped after failing to close above the trend line breakout ( upper boundary of the triangle formed ). We may see another swings or impulses inside this structure for a while once again.
AUDCHF Channel Breakout and Retest has a Big Crush AheadAUDCHF has created a nice sell setup by now with the breakout and retest formed. Its a very clear confirmation by now on the chart to spot easily. A well-managed short position will generate a decent 100-200 pips trade in the swing we expect to see ahead.