US100 SHORT TRADE PROJECTIONThe US100 index has got a nice bullish rally since 10690 and is now on the top of 12899, we have seen seller pressure which limited the bullish rally. The recent bullish trend has played perfectly inside a channel that is now confirming a bearish breakout. Here it is expected to do a retracement back toward the key level formed close to 11600. The 61.8% of Fibonacci retracement also sits over this highlighted zone.
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USOIL CAN RETEST A NEW LOW CLOSE TO $70The trend line has already been breached and now we can expect the price of oil to follow a new low while the recent bullish trend formed already retraced more than 61% on the fib. On the daily timeframe, we are following a major bearish trend for a few months now which already retraced and almost wiped off the gains that happened last year.
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EURJPY - BREAKOUT ON DISTRIBUTION ZONEEURJPY was consolidating for some time inside the highlighted distribution zone. Here now we have a bearish breakout confirmation on the support and are expected to continue the bearish momentum as projected on the chart.
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DOGE WILL DO ANOTHER REVERSAL BACK TO THE RESISTANCEDOGE has started to do a recovery and here we can clearly identify a breakout confirmation on the key level. With the breakout and pullback formed on the daily timeframe, the price has a higher chance of reaching the next resistance formed. The previous day's candle closing is respecting the key level as a support with a nice long wick to the downside. The hourly timeframe shows an ascending triangle pattern in play.
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AUDUSD TREND BREAKOUT AUDUSD has completed its most awaited hourly trend breakout and here we have a key level that is acting as a support for the Aussie pair. If we can also confirm another bearish breakout on the following highlighted key level then we can expect the price to retrace back close to 50% on the Fibonacci retracement.
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SHIB MAY RALLY ANOTHER 40% IF THE PRICE WILL DO A BREAKOUTSHIB is an important structure. The price is playing inside a nice parallel channel where the current market price holds the upper boundary and the resistance is formed on the daily timeframe. If the price can do a bullish breakout here, then we may see a nice rally to the upside which can push the prices by 30%-40%.
But the prices and the bullish closings of recent daily candles are following a neutral or bearish sentiment by respecting the upper boundary and the resistance formed. If the price still manages to respect the upper boundary and the resistance as a sell zone, there we may see another bearish trend that can revisit back toward the support highlighted.
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DOGE TRIPLE TOPS ON THE KEY LEVELDOGE showing bearish sentiment on the highlighted key level with a triple tops structure. Here we have a chance of seeing a break above the key level or a bearish breakout on the trendline with respect to the bearish sentiment. The hourly timeframe shows a price action that created an expanding channel which can possibly show a bearish breakout. Any chance of a bullish breakout on the key level will invalidate the bearish projection made here and will continue to grow up towards 0.10.
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BTC WILL HIT THE $25173 HIGH AGAIN WITH THESE MARKET CONDITIONSBitcoin is remaining very strong on the bullish market sentiment and following some important setups which are promising for another hit above $25k. Here overall we know that BTC created a double-bottom formation with nice bullish sentiment in play. On the hourly timeframe, we can clearly identify a couple of bullish flags and the first one has already confirmed a bullish breakout which was able to support the price to hit back above 22800. If BTC manages to do another bullish breakout on the second flag formed that could be the trigger to hit the projected target of $25k on the chart. These price levels were spotted with the previous historical price levels and were followed by the price action to create key resistance levels. For the moment I have taken the 4th wave of the current impulsive bullish trend inside the bullish flag formed and waiting to see the 5th to the upside with the expected bullish breakout over the flag identified.
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NASDAQ MOVING INSIDE A GROWING CHANNEL & NOW ON RESISTANCENas100 is following a growing channel where we have seen some nice bullish impulses forming to the upside. The price has reached the resistance area and here we have seen a slowdown in the pace of bullish sentiment while lower timeframes are following neutral and bearish momentum right now. Here with the 5th impulse, we are expecting a bearish trend to form following the sell-zone or resistance which can revisit the lows at 11450. Any chance of a bullish breakout on the resistance will invalidate the setup.
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XAUUSD - BEARISH BREAKOUT ON THE WEDGE WHICH CAN DOWN-TURN -1.5%The following rising wedge pattern confirmed a breakout on its lower boundary. Here we are expecting a decline toward the $1900 area with the bearish breakout confirmation received. It's another 1.5% decline projected on the hourly timeframe. On gold, we have seen that close to the 1935-1945 range holding a massive sell-off pressure which fails the bullish sentiment multiple times during the period.
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DXY ON SUPPORT WITH POSSIBILITIES OF A BOUNCE BACKDXY is back on important support where we have seen some slowdown in the sell-off pressure formed recently over the Dollar index. Here I am expecting a decent pullback if the price respects the historical price action following the support formed close to the current market price. If the reversal happens as expected we may see a nice bounce back toward 103-105.
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AMZN WITH THE EXPANDING CHANNEL BREAKOUT FOR A REVERSALAMZN did a bullish breakout on the upper boundary where we have a chance of seeing a rally ahead back toward the target close to 120+ on the chart. If the price can follow up the bullish sentiment in the future we can expect a decent recovery from the following expanding channel identified.
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XAUUSD TRIPLE TOPPED DISTRIBUTION WITH BULLISH TREND - BREAKDOWNGold is following a consolidation under a lower timeframe. Here we are expecting a breakout to happen on the sketched distribution or flag. If the price can confirm a bearish breakout on both the flag and trendline we can expect a nice decline in prices for GOLD. If the gold manages to go for a bullish breakout on the flag formed, the setup will get invalidated. The one-hour timeframe shows the formation of a triple top following the current market price action.
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EURNZD ON BEARISH TREND FOLLOWING SUPPORTEURNZD follows a bearish trend and with the recent pullback, we can expect the price to show a respected price action which can do a reversal to continue the trend toward the support highlighted.
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EURCAD BULLISH TREND AND FLAG ON WATCHEURCAD is following a bullish trend and holding above the resistance formed. If the bull flag does the required bullish confirmation there we can expect the trend to continue its way upside. Any chance of a bearish breakout on the trend line will decline the prices to the lows close to 1.441
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CHFJPY POSSIBLE HOURLY TREND BREAKOUTCHFJPY is following an hourly timeframe where we may see a trend breakout to revisit the low 137.5. The confirmation is needed prior to the entry and if the price starts to rally above the key level at 141.8 the following setup may get invalidated.
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AUDCAD RISING WEDGE BREAKDOWN AUDCAD formed a breakout on the following rising wedge sketched on the chart. After the breakout we have seen that the price has managed to create a bearish flag where the market price did another breakout on the flag's lower boundary.
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GOLD IS HEADING TOWARDS ALL TIME HIGH. DAILY RESISTANCE BREACHEDGold will continue to rally to the all-time high where we have seen above $2000 with the recent bullish breakout on the daily resistance formed at 1915-1920 range.
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USDCHF IS BACK ON SUPPORTUSDCHF is back on the support. Found a bullish activity on the lower timeframe on the highlighted zone where we can expect a bullish reversal which can push the price back above the levels it breached earlier.
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AUDNZD BULLISH TREND BREAKOUT The following bullish trend on the AUDNZD pair confirms a bearish breakout and is expected to form a correction leg close to 1.073.
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BTC CAN GO FOR A SELL OFF FOLLOWING THE RESISTANCE ZONE!📉Bitcoin has revisited the resistance/sell zone. Here we have a higher chance of seeing a reversal with an effective sell-off as seen earlier in the following highlighted zone. By any chance, if the price fails to hold the buying pressure, then we may see a bullish breakout on the highlighted zone and the bullish trend will be continuing to the upside and towards $24500.
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AMAZON WITH ITS EXPANDING CHANNEL AND BULLISH BREAKOUT📈The following expending channel confirms a bullish breakout and here we can expect the price to do a bullish reversal with the confirmation spotted where we may revisit the levels close to 120 one more time.
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NASDAQ: TRADE RESULTS | 3000 POINTS PROFIT FLOATING 💸Trade Results: Went up a decent 3000 Points worth of profits during the bullish run as expected with our analysis.
Analysis: Breakout and pullback on the key level highlighted. Expecting a bullish reversal here to revisit the pinned price levels on the chart.
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