MarketBreakdown | Dow Jones (US30), BTCUSD, EURGBP, GBPCHF

24 thg 6, 2022

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

1️⃣ Dow Jones (US30) - Monthly time frame 📈

After a sharp bearish rally, the market reached a solid monthly demand area.
28600 - 30000 is a very important historical zone.
I assume that soon we will see a correctional movement and the index may retrace.

2️⃣ Bitcoin (BTCUSD) - Monthly time frame ₿

It looks like the market finally found a strong support.
The market stopped falling once it reached the high of 2017
and it looks like we will see a correctional move soon.

3️⃣ EURGBP - Daily time frame 🇪🇺🇬🇧

The pair is steadily growing within a rising wedge pattern.
For now, its support serves as the resort for buyers to buy from.
However, wedge pattern by itself is a bearish pattern,
so I am waiting for its breakout to short.

4️⃣ GBPCHF - Monthly time frame 🇬🇧🇨🇭

As I predicted, the pair dropped nicely.
Ahead is a major monthly demand area.
1.16 - 1.1745 is the area from where I will expect a retracement.

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