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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
Short
by Profitlio_Trading
2
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.
Short
by Profitlio_Trading
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.
Long
by Profitlio_Trading
XAUUSD is trying to revisit the Major Resistance with W PatternXAUUSD Has formed a W pattern using the support formed and here the current price action confirms a breakout on the neckline where it shows good potential to the upside in order to revisit the major resistance formed in the Weekly timeframe. We may see a retest back on the key level before the liftoff. Anyway the chart proves that gold is turning highly bullish at this point to grow up its prices back close to or above 2055
OANDA:XAUUSDLong
by Profitlio_Trading
USOIL's Monthly Resistance is super strong and creating selloffUSOIL's monthly resistance is playing an important role in all time frames. Even on the higher timeframes, we can clearly see that the price got faked out by breaching the upside with a fake bull run. The following resistance is holding stronger against the bulls while we see strong selling pressure in the 110 price area. I have a decent expectation of a further decline in oil prices to create and revisit the level highlighted close to 75
TVC:USOILShort
by Profitlio_Trading
DOGE is on a big triangle which requires a breakout nowMarket Instrument: DOGEUSDT Timeframe: DAILY Analysis: Technical Structure: Resistance and Reversal Prediction: Bearish DOGE has formed a big triangle on the daily timeframe where this requires a bullish breakout now. The upper boundary on the following triangle is remaining stronger and acts as a resistance to control the buying pressure for a few months. Hopefully waiting to see a good bull rally with a strong bullish breakout confirmation.
Long
by Profitlio_Trading