Hey traders,
here is a brief technical outlook of 4 peculiar instruments in my watch list.
1️⃣ USDCAD - Weekly time frame 🇺🇸🇨🇦
For the entire month, the pair is very bullish.
Ahead is a major falling weekly trend line.
I will expect a pullback from that.
Let the price reach that trend line, then look for a confirmation to short.
2️⃣ NZDUSD - Weekly time frame 🇳🇿🇺🇸
Similar to USDCAD, NZDUSD is very close to a major rising trend line.
Taking into consideration that the pair looks quite oversold, I will expect a pullback from that.
3️⃣ USDCHF - Monthly time frame 🇺🇸🇨🇭
The market is trading in a global bearish trend.
Recently the price reached a major monthly trend line linking the last lower highs.
It is a very important decision moment for the pair:
in case of its bullish breakout, a strong bullish wave will be expected.
In case of a formation of a reversal pattern on lower time frames,
a bearish rally will most likely initiate.
4️⃣ GBPCAD - Monthly time frame 🇬🇧 🇨🇦
The pair looks very bearish to me.
After a confirmed bearish breakout of a major rising trend line, we see its retest.
I believe that soon bears will start pushing the market.
❤️Please, support this idea with a like and comment!❤️
Commentaire:
Check my new idea on EURCHF:
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel www.youtube.com/c/VasilyTrader
💰Instagram: www.instagram.com/VasilyTrader/ 💰
✅Facebook: www.facebook.com/VasilyTrading/ ✅
❗️YouTube Channel www.youtube.com/c/VasilyTrader
💰Instagram: www.instagram.com/VasilyTrader/ 💰
✅Facebook: www.facebook.com/VasilyTrading/ ✅
I made a mistake in the title of this idea