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I have following reasons to XAUUSD sell setup. - Channel Pattern Sell Condition: This means you noticed a pattern where the gold price moves up and down between two lines. If the price is at the top line, it might start to go down, so you think about selling. - Fibonacci Retracement Level: This is a tool that helps predict where the price might stop going down...

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I am going to buy now and I have following signals. 1. Parallel channel buy signal: Could be valid, but consider channel strength, market trend, and confirmation signals. 2. Positive sentiment: Encouraging, but check data source, sentiment strength, and other factors. Remember: Do your research, diversify, and consult a financial advisor before investing. Good...

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Strong Resistance Zone Approaching 0.68 Fibonacci Retracement Weak GBP Index, Strong JPY Index signaling potential selling pressure"

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Bullish Trend on Higher Time Frame: Positive sentiment for the U.S. dollar in the long term; cautious about potential reversals. Pullback at 102: Anticipating a pullback to the uptrend after DXY reaches 102. Fibonacci Retracement: Using Fibonacci levels to identify potential support and resistance . Customer Sentiment: Positive customer sentiment aligns...

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Channel Pattern: A channel pattern can indeed be a valuable tool in technical analysis. When the price approaches the lower band of a channel, it suggests a potential support level, which traders may interpret as a buying opportunity. However, traders should not rely solely on this pattern and should consider other technical indicators and factors to confirm...

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"We are considering the EUR/CAD currency pair for analysis. Let's delve into the reasons behind our bullish sentiment: Channel Pattern: The EUR/CAD chart displays a distinct channel pattern. This pattern consists of parallel trendlines that encapsulate the price movement. At present, the price appears to be situated near the lower boundary of this channel. This...

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1. Confirmation of a Sell Entry via the Channel Pattern Identifying a validated sell entry point through a recognized channel pattern. 2. Significant Buyer Resistance Creates Seller's Opportunity A strong barrier on the buyer's side presents an advantageous opening for sellers. 3. Seller-Ready Customer Sentiment Signals Entry Point The sentiment among...

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1. Channel Pattern Analysis: The GBP/USD currency pair has recently touched its lower band within an established channel pattern. This technical indicator suggests a potential reversal towards bullish momentum. 2. DXY (US Dollar Index) Overvaluation: The current elevated level of the DXY, representing the US Dollar's strength, may be due for a correction. A...

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Channel Pattern Strategy: I'm selling AUDJPY using a channel pattern strategy that identifies price movements within a defined range. The current position near the lower trendline suggests a potential downward move. AUD Index Advantage: The AUD index indicates the Australian Dollar is undervalued against other currencies, reinforcing my bearish view on...

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DXY is going to drop, I have following reason. 1) DXY is recently week, 2) DXY has bearish channel pattern. 3) Institutional Fibonacci retracement. For secure and trade management, I use TP1 and TP2.

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I have following reasons. 1) DXY had strong dropdown, now it is time to bullish 2) For long time period, DXY is going to continues bullish trend(1D, 1W etc.). 3) Now, it has strong support 4) Institutional Fibonacci level with big time period.

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I have following reasons. 1) GBP index has strong resistance. 2) It is time to rise DXY 3) channel pattern with GBPUSD

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I have following reasons. 1) Strong channel pattern 2) EURCAD has strong support zone. 3) EURX has strong dropdown, now it is time to rise up. 4) Strong Institutional Fibonacci level

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Reason 1: strong resistance zone Reason 2: channel pattern

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I have following reason. 1) Tunnel pattern 2) GBP is strong enough to going to up.

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1. Strong support with 3 patterns 2. Enough dropdown.

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Reason 1: Lower band with tunnel pattern. Reason 2: Fundamental is strong with recently news.

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I have following reason. 1) Quasimodo pattern 2) Strong channel pattern with bearish side.