Wikiwicks

Wikiwicks

A few days ago price was struggling below 40k but Elon Musk lifted the price announcing a 1.5 billion investment from Tesla. This led to the sharp rally we have in the chart. Last price action is showing short term cnsolidation in a triangle formation, currently being broken to the upside. 50k is almost not a dream anymore.

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#EURUSD (1D): Price broke a strong weekly support, deepening the current correction phase. The overall uptrend is still intact and next relevant support is at the daily level 1.19, which aligns with the lower TF triangle target.

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#AUDUSD: (1D): Also here the USD is getting weaker, resulting in a clear uptrend, which is confirmed by the 200 EMA as well. After last complex consolidation, the chart has been overextending for quite some time, so consolidation was to be expected. (4H): On a shorter period indeed, we have a downtrend. We recently had a fakeout to the downside, when sellers...

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#GBPUSD: (1D): The price is in a clear uptrend, confirmed by the ascending channel firmly above the 200 EMA. Recent price action is though showing how it is slowing down, as we can see that it is slighly bending. This could mean a shorter term consolidation period. (4H): Indeed, if we look closer, we'll notice a rising wedge. In an uptrend, this means reversal....

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#EURUSD: (1D): The price is still in a clear and strong uptrend. As we know, impulses are followed by a correction (or consolidation). The overall picture here is showing that we are currently in the consolidation phase. Therefore, we need to wait for a clear signs of the start of the next impulsive move. (4H): What's interesting here is a double bottom...

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Recent price action is showing a 30% dip rejected by the 30k psychological level and proven support. On the 4H we have a double bottom being broken to the upside, confirming the potential reversal. If we can see a break of the higher TF corrective structure, we will soon see ATH being touched once again.

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#EURCAD: (1D): The price here has been consolidating in a massive sideways formation for quite some time. Last week, a fakeout occurred, trying to break the 200 EMA as well but failed, drastically changing direction within the next day. Bearish structure was also broken, confirming the potential move to the upside, making our bias bullish. (4H): Zooming in, a...

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#EURUSD: (1D): As expected from last week's analysis, EU came all the way back to support around 1.205 to bend to the upside once again, following the overall bullish direction. We are about to see 1.22 resistance being tested, where I will be looking for a bullish opportunity once broken to the upside. (4H): On the lower timeframe, we have more detailed...

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#BTCUSD (4H): Priced soared again to take 40k, but found a strong resistance, If this high holds, I'm expecting the price to retest 34 once again to confirm the consolidation formation before the next impulsive move. Should we see a break above 40k soon and 50k will be just a matter of days/weeks.

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#XAUUSD (GOLD): (1D): General uptrend still intact, with an ascending triangle structure to my eyes, also held by the 200 EMA. Fundamentally, the announced 3 trillions fiscal stimulus pack announced by the democrats makes me believe that there's still plenty of room to the upside for gold. My bias is therefore bullish. (1H): We have a possible buy opportunity...

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#EURCAD: (1D): Since the end of 2020, the price has been ranging in a massive falling wedge. Since it's break, the pair started trending to the upside, following our overall bullish bias (also confirmed by the 200 EMA). This has not changed. (4H): Last push saw the price being stopped by a strong resistance and started retracing. Looking back at the daily, we...

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#USDJPY (Possible trade idea): (1D): The higher timeframe has been bearish for quite some time during 2020, and this trend hasn't changed. Still bearish bias confirmed by the 200 EMA and structure. Also fundamentally, US money printing won't stop any time soon. Technically, A wide range retest occurred, pushing the pair to the downside. (4H): Looking closer, the...

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#BTCUSD (4H) in a small consolidation phase again. A pennant formed. If broken to the upside, there's a good chance we'll see 30k soon.

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#XAUUSD (GOLD): (1D): The higher timeframe is seeing a market switch to bullish again, after a prolonged bearish sentiment, being reflected in this complex correction, which created a bearish channel. My bias is bullish, as the price is trying to break it. (4H): Looking at market structure, the bullish series of highs and lows is crystal clear, and right now we...

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#USDJPY: (1D): The overall trend is bearish, technically and fundamentally, with further US stimulus that will eventually devaluate the US dollar. For these reasons, my bias is still bearish. (4H): After the massive range breakout, the pair started trading in a smaller bearish channel, currently the price is on its upper border and next relevant support is at...

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#EURUSD: (1D): As we can clearly see from the daily chart, the overall market is trending upwards, so our bias is still bullish. Right now the price is in an impulsive phase, also breaking and currently retesting resistance at 1.223. (4H): Looking closer, the last flag led to further upside strenght, as you can see by the series of HHs and HLs. Bullish structure...

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#BTCUSD (1D): If you are into Bitcoin, you are probably asking yourself where we could see the price reverse. Right now it is trading almost at 23k. Personally, i'm expecting the psychological level at 25k to have some effect, which could bring the price back to 20k to create a new low. Remember that Bitcoin is a place where you should INVEST, not TRADING. This...

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#XAUUSD (GOLD) (1H): We have a possible reversal scenario here on gold. That's pretty clear that we could see a Head and Shoulder formation if the right shoulder will complete the pattern. The Head respected yesterday's expectations to the downside, following the bearish three drives. That being said, i'm not willing to sell this market just yet, but i want to...