MarketBreakdown | EURUSD, Bitcoin, Silver, AUDNZD

6 thg 4, 2022

Hey traders,
here is a brief technical outlook of 4 peculiar instruments on my watch list.

1️⃣ EURUSD - Daily time frame 🇪🇺🇺🇸

Yesterday the price broke the last higher low level to the downside setting a lower low.
It is a very strong bearish clue and now the pair may drop lower.
Directional bias is bearish now.

2️⃣ Bitcoin (BTCUSD) - 3 days time frame

After a confirmed bullish breakout of a major supply cluster,
Bitcoin is consolidating.
The market is trading within a narrow horizontal trading range.

I believe that soon a strong bullish rally will initiate.

3️⃣ Silver (XAGUSD) - Weekly time frame 🪙

After a bullish breakout of a major falling trend line,
the price is approaching that again.
Wait for one more test of that trend line and wait for a confirmation to buy.

4️⃣ AUDNZD - Monthly time frame 🇦🇺 🇳🇿

The market is approaching a major monthly falling trend line.
I will expect a correctional movement from that.
Wait for confirmation on lower time frames to short.

❤️Please, support this idea with a like and comment!❤️

7 thg 4, 2022

Ghi chú

Check my new idea on LINK/USD: