The GBPUSD pair has formed a double top after a strong uptrend and it is currently in a range zone. If the important news today is in favor of the dollar, this currency will break the trend line and experience a fall.
But if the news is to the detriment of the dollar, we will see a rise to the previous level and maybe higher after hitting the trend line.
As we can see price is showing weakness near-daily resistance zone and we mentioned this in previous analysis too:
Now we can see that we may have a Head and shoulders near this strong daily resistance zone(breaking neckline is needed).
The target and support zone is near 34K-36K.
DISCLAIMER: ((trade based on your own decision ))
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Hello,Traders!
AUD-CHF is trading in a downtrend
And the pair broke a strong support level
Which makes us bearish biased
And we are expecting bearish continuation
The first target is 0.658
The next target is the 0.6488 level below
Sell!
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🏛EUR_CHF is trading in a downtrend
And the falling now turned into a vertical collapse
However, a strong daily support level is almost reached
And the pair is oversold In my opinon
Which creates good conditions for a bullish correction
LONG🚀
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🏛GBP_CHF fell from the range
And touched the key support level below
Now, we are seeing a nice recovery
But there is a resistance level on its way
And I am expecting a bearish reaction
With a chance of retesting the support again
SHORT🔥
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Hello, this is my first idea ever in trading view. I hope this idea is useful for you all.
As you can see, I draw a triangle and a square for the highest peak which was 36640 and lowest 32300. Most probably the candles will follow the triangle drop and it should not go outside the square area. In case it did it might raise again.
I hope you like my humble...
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In my opinion, the maximum bitcoin drop will be up to 27,000 and will leave the Falling Wedge, and will...
Hi , after price broke support line , it broke the the pattern and as you see on chart , it will fall after a pullback . it will go to 50393 and then will fall to 30123 . so please if you are agree like and share and remember to subscribe to my channel .
TRADE WISELY , HADI TOHIDI .
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Hello,Traders!
GBP-AUD is trading in a rising wedge pattern
Which usually break downwards
This in combination with the fact
That GBP-AUD has reached wedge resistance
Makes me bearish, And I am expecting the pair to fall
In a local pullback, with possible bearish continuation
Sell!
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