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  1. #201
    pedagoreng is offline Senior Member
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    GBP/USD: DEVELOPING "TRIANGLE"



    The price is consolidating near the 89 Moving Average. Also, there are two bullish "Thorn" patterns in a row, so the pair is likely going to test the closest resistance at 1.3032 - 1.3047 in the coming hours. If a pullback from these levels happens little later on, there'll be an option to have a downward price movement towards the next support at 1.2982 - 1.2951.



    We've got a "Triangle", so the price is likely going to test the lower side of this pattern in the short term. If a pullback from this level is on the table, bulls will probably try to achieve the nearest resistance at 1.3032 - 1.3047 shortly.

  2. #202
    pedagoreng is offline Senior Member
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    GBP/USD: 55 MA ACTING AS RESISTANCE



    The price is consolidating between the levels 1.3032 - 1.3047. Also, we've got a "Triangle", but the 89 Moving Average is acting as support. Anyway, bulls are likely going to test the nearest resistance at 1.3058 - 1.3081. If a pullback from these level arrives later on, we could have a decline towards support at 1.3013.



    There's a "Bear Trap", so we've got a new local high. The 55 Moving Average is acting as resistance, so we should keep an eye on the closest support at 1.2982 as an intraday target. Meanwhile, bulls are likely going to test the next resistance at 1.3058 - 1.3082 soon.

  3. #203
    pedagoreng is offline Senior Member
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    USD/CAD: BULLS SAW A RED RAG

    Recommendation: BELI 1,277 SL 1,2715 TP1 1,287 TP2 1,294.

    On the daily chart, bulls are trying to develop their advantage and conquer resistance at 1.2737-1.2765. If they succeed, the odds of correction towards 1.2925-1.2939 will increase. To resume the downtrend, bears need to lead the pair outside of the bullish trend channel and then overcome support at 1.2650.



    On H1, USD/CAD formed the “Dragon” pattern. A successful test of resistance at 1.2770 will strengthen the risks of a pullback to 1.2870 and 1.2940.


  4. #204
    pedagoreng is offline Senior Member
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    GBP/USD: "TRIPLE BOTTOM" PATTERN



    We've got a "Triple Bottom" pattern, which has been confirmed. It's likely that bears are going to achieve the closest support at 1.2853 in the short term. However, if a pullback from this level happens, bulls will have a green light to reach the nearest resistance at 1.2832 - 1.2951.



    The price is consolidating near the 34 Moving Average. Also, the price faced resistance at 1.2911, so we should keep an eye on the closest support at 1.2853. If we have a pullback from this level, there'll be an opportunity to have a bullish price movement towards the next resistance at 1.2926 - 1.2932.

  5. #205
    pedagoreng is offline Senior Member
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    USD/JPY: DOLLAR RETURNED TO NEGATIVE AREA

    Technical levels: support – 109.00; resistance – 109.50.

    Trade recommendations:

    Sell — 109.50; SL — 109.70; TP1 — 109.00; TP2 — 108.60.
    Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen, the falling lines; the bears continue their offensive.


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