A lot of forex majors are standing on key pivot points right now. Here are some of them that I am carefully monitoring at the moment.
1๏ธโฃ AUDUSD - Daily time frame ๐ฆ๐บ๐บ๐ธ
After a strong bearish movement, the price is retracing. Currently, the market is testing an upper boundary of a major daily resistance cluster.
I still remain bearish biased and look for an intraday confirmation to short, however, for now, buyers are showing their willingness to push.
I will be bullish on the pair after a daily violation of 0.76 level.
An important decision is ahead!
2๏ธโฃ GBPCHF - Daily time frame ๐ฌ๐ง๐จ๐ญ
We finally see a breakout attempt of a major daily resistance cluster. Now we are waiting for a daily candle close. If we manage to break and close below the underlined area, bullish continuation will be expected.
3๏ธโฃ EURCHF - 3 days time frame ๐ฆ๐บ๐บ๐ธ
The market is trading within a major falling channel. Currently, we see a test of its resistance.
Bullish breakout will initiate a strong swing move. Wait for a breakout and be prepared to buy.
4๏ธโฃ NZDCAD - Daily time frame ๐ณ๐ฟ๐จ๐ฆ
The price is trading in a long-term bearish trend and contracting within a falling wedge pattern. Recently, a strong daily support cluster was reached.
The market was trading in sideways for quite a while testing a major strong daily structure support area.
It looks like we are seeing bullish accumulation signs now. Wait for a bullish breakout of resistance of the wedge as your signal to buy.
โค๏ธPlease, support this idea with a like and comment!โค๏ธ
i think all depend of level ๐ค