EURUSD is currently on a downtrend. price has broken through the support at 1.0684 which was my previous target during the last rally down. price is looking to test the strong support and demand zone around 1.0540. Possible short entries with stop loss above the 1.0684 support and take profit around the 1.0540 area. Ensure proper risk management always.
BTCUSDT formed a head and shoulder pattern after rejection of the 31,000 resistance zone. Price has broken out of the neckline at 27500 and produced a confirmation of the point. Price is now in a downtrend. Possible entry sell at 26500 targeting fib retracement level of 0.382 with a stop loss above previous high at 27900.
XAUUSD provided a rejection at 1955 support zone. Price was then rejected at 1985 resistance and supply zone forming a double top. Overall trend is still bearish. Short entry at 1972, target 1967 resistance and 1955-1958 support and demand zone on the short term.
EURUSD has displayed a double top in the daily timeframe and shown rejection to the downside. The overall trend has turned bearish. Short entry at 1.0826 targeting 1.0735 with a stop loss above the last higher low at 1.0856. Position is also supported by crossing below the 300 SMA. Risk reward 1:2.
