Hey traders, here is a brief technical outlook of 4 peculiar instruments in my watch list.
1️⃣ Bitcoin - Daily time frame ₿
New ATH again. The price has easily violated 67.000 structure resistance level setting a new higher high higher close.
Next goal is 70.000
Your closest support for safe buying is a rising trend line matching the last higher lows.
2️⃣ USDJPY - Daily time frame 🇺🇸🇯🇵
As I earlier predicted, USDJPY finally broke a support line of a bearish accumulation formation. Now the pair will most likely keep falling.
Next support - 112.1
3️⃣ USDCAD - 12 hours time frame 🇺🇸🇨🇦
The pair is steadily growing within a bearish flag pattern. Ahead is a strong daily resistance level 1.25.
Let the price reach that level, then wait for a bearish breakout of a flag as your signal to sell.
Alternatively, bullish breakout of 1.25 level will lead to a further bullish continuation.
4️⃣ EURJPY - 3 days time frame 🇪🇺🇯🇵
The price is currently approaching a major demand area. 130.35 - 130.75 is a potential reversal zone. Look for an intraday confirmation within that zone to buy the pair.
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