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#nzdcad
Pair is on the vertical support and ready for the last impulse of ABCDE pattern and very soon chances are higher we may see a good reversal on cluster of support zone. As we can see on the chart whenever price hit the bottom of vertical support a good recovery towards the vertical resistance. On small timeframe a good narrow range is also formed and after creating a reversal pattern price can be move towards the higher end in coming days.
#EurGbp
Pair is in descending channel for the last two months. EURGBP fails to break the channel either on both sides. Price has hit three to four times channel top and bottom and good reversal can be seen on chart. Again this time price is very close to the bottom vertical support of channel where chances are higher bull active again and push the price towards the Vertical resistance of descending channel. Last time on touch three I was bullish but price remains very short period of time as bullish then drop towards the channel bottom. Price behaviour is very tricky before trade check proper price action.
#EurUsd remains on the defensive below 1.0850 ahead of ECB Lagarde speech, US GDP data EURUSD weakens near 1.0835 in Wednesday early Asian session. ECB Guindos hinted at a possible interest rate cut in September. US S&P Global Manufacturing PMI dropped to 49.5 Services PMI improved to 56 in July. Euro Trends almost changes after the breakout of Ascending trend line. Price is moving under the trend line for the last days and after hitting the last broken support we may see a good drop down towards the fib retracement Level of 61%.
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#gbpjpy
Pair approaches the ascending channel and very soon it will hit the horizontal support and weekly demand zone. Price following the channel and trends is well where last impulse 50% correction will complete the mentioned zone. This zone is very important where bull may active again and push the price towards the horizontal resistance. Pair has also form a falling wedge in small timeframe and very close to the vertical support of falling wedge. After hitting the major zone and closter of support we might be looking for a bullish Momentum. This setup will only be valid until price is in Channel.
#gbpusd
drops below 1.3000 after UK jobs data.GBPUSD is dropping below 1.3000 in the European session, correcting further from the 2024-high set at 1.3045 on Wednesday. The UK data showed that the ILO Unemployment Rate held steady at 4.4% in the quarter to May, as expected, weighing on the Pound Sterling. Pound facing a strong horizontal resistance and weekly supply zone. Price near the zone a slightly bearish and after hitting completely we may see a good drop down towards the channel vertical support. Although price doesn't not hit properly the mentioned zone a sharp entries may create more risk before hitting the zone. Channel vertical resistance is also ready to move the price downside in coming days.
#audnzd
Near a very strong horizontal resistance and completed its 61% fib retracement correction. For the last Two weeks continuously price is moving just in one side without any correction phase. And chances are higher near the solid cluster resistance we may see a good fall Towards the initial support zone. Price is just stop near the zone after Soo many pushes this setup will only be valid until price is under the fib retracement. More consolidation near the zone can give more opportunities in coming days.
XAUUSD went up and then down as predicted ✅
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#EurCad
Near the Horizontal resistance and price almost hit the two major vertical resistance of descending and ascending channel. Price has done a Good bullish impulse towards the top high within a channel. And near the mentioned zone chances are higher we may see a good reversal towards the bottom end of vertical channel. Price is moving channel within a channel and expected price may not Break the cluster of resistance and drop towards the vertical support.
#xauusd
Gold price remains at bay with US data in focus.Gold price trades with caution in the countdown to a string of US economic data. Firm Fed rate cut hopes to keep the upside in the US Dollar limited. Yellow metal has completed its 50% fib retracement of last impulse move. As the wave count wave 3 is complete and price has started wave 4 correction and chances are higher it may hit the top ascending trend line which break in wave 3. I mentioned the zone of 50 % retracement of last bearish where two major resistance has the ability to push the price downside in coming days.
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Week report:
157,87 UsdJpy 117 pips ✅
1,0915 EurUsd -15 pips 💢
1,3635 UsdCad 60 pips ✅
1,492 EurCad running ✅
1,3663 UsdCad -57 pips 💢
0,8884 UsdChf running ✅
2469 Gold 200 pips ✅
156,27 UsdJpy 44 pips ✅
0,84 EurGbp 16 pips ✅
1,296 GbpUsd 61 pips ✅
TOTAL GREEN PIPS made: 498
@LevelUpContact
🔼Pullback to the upper channel area in #EurNzd and target hit 🔥
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#nzdjpy
Price is showing a little weakness after creating a reversal pattern of rising wedge. Although all the Jpy pair are very risky in these days until the BoJ intervene in the market. As the pair struggles to surpass 99.00 and started correction towards the support area. And There is another reason price showing weakness after RBNZ kept rate unchanged. After the this decision a strong bearish can be seen in the pair. A retest of pattern is expected and after this we may see a good fall towards the support area.
90 pips running ✅
Close half lot ✅
Move the sl to breakeven ✅