USDCHF bounced of the descending triangle support as expected from my previous analysis. Potential rejection of triangle resistance. Sell entry - breakdown below previous swing low on 4H timeframe ⬇️
AUDJPY brokeout above the downtrend resistance. RSI is printing a bearish divergence signal. The market is printing a double top reversal pattern. Potential retest of the downtrend resistance + fibonacci retracement levels. Sell entry - breakdown below the double top neckline support ⬇️.
XAUUSD is printing a pennant chart pattern. Possible price actions indicated
FTMUSDT is printing an ascending triangle chart pattern. Possible price actions indicated
BTCUSDT is printing an ascending triangle pattern. Price is testing the pattern resistance. Buy entry - breakout above pattern resistance ⬆️.
XAUUSD is printing an ascending triangle pattern. Imminent short-term breakout. Possible price actions indicated
Possible short-term price actions
GBPCAD is approaching the confluence of the minor ascending channel resistance and the major pennant resistance. Potential price rejection of this confluence ⬇️.
LTCUSDT pumped as expected from my previous analysis. The market rejected the ascending channel resistance. Price is approaching the channel support + fibonacci retracement levels. Buy entry - breakout above pullback trendline resistance + previous swing high ⬆️.
NZDCAD brokeout above the pennant resistance. The price is testing the ascending channel resistance. Potential retracement to the ascending channel support + fibonacci retracement levels ( retest of pennant resistance) ⬇️.
CADJPY is a the peak of the uptrend's impulsive move. The market is printing a descending triangle pattern. Sell entry - breakdown below the descending triangle support ⬇️.
GBPCHF brokeout above the ascending triangle resistance as expected from my previous analysis. Potential retest of flip support + fibonacci retracement levels.
ETHUSDT is consolidating in a pennant chart pattern. Breakout is imminent. Possible price actions indicated.
XAUUSD rejected the resistance level as expected from my previous analysis.
NZDCHF is testing the pennant resistance. RSI printed a bearish divergence signal on 4H timeframe. Bearish pin bar ( shooting star ) formed on daily timeframe. The market is printing a rising wedge pattern. Sell entry - price breakdown below wedge support + previous swing low ⬇️.
GBPCAD is rejected the long term resistance level. RSI printed a bearish divergence signal. The market is consolidating in pennant chart pattern. Sell entry - breakdown below the pennant support + previous low ⬇️. Sell confirmation - breakdown of RSI rectangular pattern support.