USDCAD TREND BREAKOUT AND SUPPORTUSDCAD Finds a bullish reversal point where the current market price confirmed a trend breakout under the hourly timeframe. Here we witness a potential bullish trend formation to the upside close or above 38% on the Fibonacci retracements. Expecting a decent long trade to generate a 30-50 Pips worth of profits.
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AUDCAD CHANNEL BREAKOUTIdentified an hourly channel breakout on this pair where we may see a retracement to the downside following the bottom-level support highlighted. This level of support held close to 38% on the Fibonacci retracements. A well-managed short position might generate something in between 30-50 Pips worth of profits.
MSFT FAKE BREAKOUT ON SUPPORTMSFT has done a bearish breakout on the ascending channel formed. Even though we have seen a nice sell off followed by the breakout confirmation, we witness a fake breakout on the highlighted support. Inorder to expect a continuation in the downfall, we need a clean bearish breakout on the support formed.
TSLA ON A DEMAND ZONETSLA is clearly playing inside a bearish channel and we have witnessed a bullish reversal recently on the demand zone identified. If this level remains strong enough, we will see a potential continuation of the rally. Also on the lower timeframes, we see a bearish channel which indicates a bullish breakout.
XAUUSD SUPPLY ZONE - SELL OFF XAUUSD has shown a quick rally with the conflict between Iran and Israel where we now witness a selling identified with Iran's mocking over 99.99% defense against the attack launched by Israel yesterday. Somehow the yellow metal started to recover its pump and dump by retesting one more time above the $2400 level. Here I witness a potential downward shift with the recent price action which respected the supply zone highlighted under the hourly timeframe.
XAUUSD BULLISH CHANNEL SETUPXAUUSD has recently laddered up with a perfect bullish channel where we witness a breakout with the recent massive sell off happened on Friday. If the price remains bearish biased we may see a further decline in prices for one more time back towards the picked up key zones.
BITCOIN INSIDE AN ASCENDING TRIANGLEBitcoin has created a nice ascending triangle under the hourly timeframe where we are required to wait patiently for a breakout confirmation to determine the next direction that BTC may take in the next few days. Here we witness a fake breakout earlier on the minor resistance formed, which is indicating that BTC has a strong selling pressure aligned above this level. So we have a higher chance of seeing a downward shift in prices, but still we are required to confirm a bearish breakout on the trend line first.
ETHUSDT BREAKOUT AND PULLBACKEthereum has done a nice rally since our long entry taken with the double-bottom trade setup earlier. Now we witness a nice rally with a strong trend breakout. The price has followed a retracement/pullback back towards the trend line. We may experience a reversal from here back towards the previous highs held up at $3700 and $4000
BTCUSDT FAKE BREAKOUT IDENTIFIEDBitcoin has recently done a fake breakout on the upper boundary of the triangle formed. Here we are expecting a price fluctuation inside the triangle for some time under the hourly timeframe. We should watch closely on this triangle for a possible breakout confirmation. Highs probability for a bullish breakout and a rally since we are on a strong bullish trend at the moment.
EURUSD BULLISH SETUP REQUIRES CONFIRMATIONEURUSD has created an expanding channel where we are now waiting for the price to confirm a bullish breakout on the expanding channel and as well as on the key level highlighted. Here we are expecting a rally towards the 1.098 region next where we witness the next hourly resistance being held.
AAPL MIGHT BREAK THIS KEY LEVEL NEXTThe price has once again found its support on the highlighted key level where I believe the price will further continue to fall with a clean bearish breakout on the highlighted level. For this to happen, we are required to confirm a bearish breakout first before attempting to do any sell-off. Also on the bigger picture, the price has created a double top formation.
The price breakout on the key level is expected to revisit the bottom support highlighted at $145 region.
NVIDIA CONSOLIDATION VS EXPANDING CHANNELEven though the price of NVDA has done a bearish breakout on the expanding channel, the price remains under pressure inside a consolidation zone. Here we must wait for the price to confirm another bearish breakout below the lower boundary to validate the bearish projection. Here I am expecting a downward shift back towards the key level held on the bottom.
TESLA ON DAILY SUPPORTHere it is very clear that the price of Tesla has once again revisited the daily support identified. Now I am expecting to see a potential reversal based on how the price has reacted over this highlighted zone earlier. Additionally, I have sketched down the price action inside a falling wedge pattern which also supports the bullish projection.
ETHUSDT DOUBLE BOTTOM ON SUPPORTWitnessed a double bottom pattern on the support where we are likely to see a bullish trend created ahead with the breakout confirmation identified. Expecting a revisit back towards the trend line zone or breaking above it for a retest back up above the previous swing high.