GBPUSD is testing the descending triangle support. We could see a breakout above the minor descending channel resistance ⬆️ or a breakdown below the major descending triangle support ⬇️.
AUDNZD is testing the descending broadening wedge support. Price action is printing minor falling wedge. Buy entry ⬆️ - breakout above the falling wedge resistance + previous swing high. Target 🎯 - Trend line resistance, broadening wedge resistance.
NZDUSD is testing the ascending broadening wedge resistance. RSI is printing a bearish divergence signal Price action is printing a minor rising wedge pattern. Sell entry ⬇️ - breakdown below the minor rising wedge support + previous swing low. Target 🎯 - ascending broadening wedge support.
CADJPY rejected the major resistance level and brokedown below the trendline support. Price is approaching the minor support level. RSI is printing a bullish divergence signal. The market is printing a falling wedge pattern. Buy entry - breakout above the falling wedge resistance + previous swing high. Target - fibonacci retracement levels.
BTCUSDT is consolidating in a descending triangle pattern. Breakout is imminent. Possible price actions indicated.
XAGUSD is testing the major descending channel resistance. Sell entry - breakdown below the minor ascending channel support. Target - major descending channel support
EURAUD is consolidating in a pennant chart pattern. Breakout is imminent. Possible price actions indicated.
EURUSD is testing the resistance level. Price brokedown below the ascending channel support. RSI is printing a bearish divergence signal. The market is printing the head and shoulders reversal pattern. Sell entry ⬇️ - breakdown below the head and shoulders neckline support. Target - Support level
EURCAD bounced off the descending channel support as expected from my previous analysis. Price is testing the descending channel resistance. RSI is printing a bearish divergence signal. Sell entry ⬇️ - breakdown below the previous swing low. Target - descending channel support.
BTCUSDT is printing an ascending channel pattern. Price is testing the channel resistance. Possible price actions indicated.
AVAXUSDT brokeout above pennant resistance as expected from my previous analysis ✅
Possible formation of a rising wedge pattern.
Sell re-entry ⬇️ - breakdown below the minor trendline support + previous swing low. Target. Descending channel support.
GBPAUD obeyed the predicted price action from my previous analysis ✅ We could see further dump to the descending channel support ( breakdown below the previous swing low).
LTCUSDT obeyed the predicted price action from my previous analysis ✅
XAGUSD brokeout above the ascending triangle resistance as expected from my previous analysis. The market is testing a projected ascending channel resistance. Potential retracement to the ascending channel support + flip support + fibonacci retracement levels. RSI is printing a bearish divergence signal. The market is printing a minor descending triangle...
Sell ⬇️ Target - previous swing low, ascending channel support.