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#NZDCAD: Bullish Outlook Explained NZDCAD is taking off from a key horizontal support. The price formed a double bottom on that and broke its neckline then. I expect a bullish continuation to 0.851 / 0.854

#GBPCAD: Your Trading Plan For Today ⚠️GBPCAD is coiling on a key level. I see a horizontal trading range on 1H time frame. 1.6263 - 1.6274 is its neckline. Wait for its bullish breakout (hourly candle close above). It will be your confirmation to buy. Open long aggressively or on a retest...

#CADCHF: Bearish Move From Key Level It looks like CADCHF may drop. The price reached a solid horizontal resistance and formed a tiny double top pattern on an hourly time frame. Now we see a strong bearish pressure. I expect a bearish continuation to 0.6913 / 0.6905

#EURCAD: Important Breakout EURCAD broke and closed above a major horizontal supply cluster with a high momentum bullish candle yesterday. 1.441 - 1.446 is now turned into a demand zone. I will expect a bullish wave from that area to 1.455 / 1.46 levels.

Crude Oil (#WTI): Bearish Outlook Explained Crude Oil is coiling on a key horizontal resistance. The price formed a double top pattern, testing that and broke its neckline then. We may see a retracement from the underlined blue zone. Goals: 76.9 / 76.36

Dow Jones Index (#US30): Oversold Market & Pullback Dow Jones Index reached a key level. Testing that, the price formed an inverted head & shoulders pattern on an hourly time frame and broke a resistance line of a falling wedge pattern then. I expect a pullback now. Goals: 32950 / 33110

#USDCHF: Detailed Structure Analysis Here is my latest structure analysis for ⚠️USDCHF. Support 1: 0.928 - 0.933 area Support 2: 0.922 - 0.923 area Support 3: 0.9137 - 0.916 area Resistance 1: 0.942 - 0.946 area Resistance 2: 0.954 - 0.955 area Consider these structure for pullback/breakout...

#GBPJPY: Classic Trend Following GBPJPY remains very bullish from the beginning of the year. After the last impulsive movement, the market retraced to a peculiar confluence zone. I see a perfect match between 0.5 retracement of the last bullish leg and a horizontal structure support. I will...

#EURCAD: Detailed Technical Outlook Here is the wave analysis for ⚠️EURCAD. The market is currently consolidating with a horizontal trading range on a weekly, after a strong bullish impulse. 1.46 - 1.465 is the resistance of the range, 1.423 - 1.43 is its support. The upper boundary of the...

#USDCAD: Key Levels to Watch This Week Here is my latest structure analysis for ⚠️USDCAD. Resistance 1: 1.366 - 1.3707 area Resistance 2: 1.3745 - 1.381 area Support 1: 1.347 - 1.352 area Support 2: 1.3225 - 1.329 area Vertical Support 1: major falling trend line . Consider these structures...

Gold (#XAUUSD): Time To Sell Gold is retesting a recently broken structure. The price has nicely respected a confluence point based on the underlined resistance and 618 retracement of the last bearish impulse. As the extra confirmation, the price formed a double top pattern. I expect a...

#USDJPY: Bulls May Push Higher Update for my Friday's post on USDJPY. The price managed to close above a solid resistance cluster. It turned into a support now. The bullish rally will most likely continue. Next resistance - 137.8 Wait for an occasional retest of a broken structure for safer...

Dollar Index (#DXY): Key Levels to Watch Here is my latest structure analysis for ⚠️Dollar Index. Resistance 1: 105.3 - 105.8 area Resistance 2: 106.8 - 107.2 area Resistance 3: 107.80 - 108 area Support 1: 103.6 - 103.95 area Support 2: 102.25 - 103.2 area Vertical Support 1: rising trend...

Gold (#XAUUSD): The Breakout! So it turned out that Gold dropped again. After the release of US fundamentals on Friday, bears started to push. The price managed to close below a key daily horizontal structure support cluster. It turned into resistance now. Probabilities are high, and the...

#USDJPY: Waiting For a Breakout ⚠️USDJPY is testing a solid horizontal daily resistance. If the price breaks and closes above 134.5 - 135.5 area, it will push the market much higher. The next goal for buyers will be 137.6 level.

Nasdaq-100 Index (#US100) Short Trade Explained Nasdaq Index is approaching a key daily structure resistance. The price has formed a descending triangle formation on that on 1H time frame. Its neckline was broken, and an hourly candle closed below that, confirming a highly probable coming...

#EURGBP: Time to Fall EURGBP has nicely respected a wide 4H horizontal supply area. The price formed a triple top pattern on that and broke its neckline then. I expect a bearish move to 0.8798 / 0.8789

#GBPAUD: Important Breakout GBPAUD was stuck for some time on 1.75 - 1.763 horizontal supply area. That structure was finally broken this week. It turned in a demand zone now. I will expect a bullish wave from that at least to 1.788

#CADJPY: Pullback From Key Level CADJPY reached a solid horizontal key level yesterday. The price formed an inverted head & shoulders pattern on that on 1H time frame. Its neckline was broken then. I expect a bullish move to 100.0 / 100.25

[Here’s why you need proper risk management in trading] Imagine: There are two traders, John and Sally. They both start with a $1,000 account John is an aggressive trader and he risks $250 on each trade. Sally is a conservative trader and she risks $20 on each trade. Both adopt a trading...