MarketBreakdown | EURUSD, GBPAUD, EURJPY, WTI OIL

14 Apr 2021

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1️⃣ EURUSD - Daily time frame

From 30th of March the pair remains strongly bullish.

1.195 - 1.2 is the first strong horizontal resistance from where the market may pull back.
Let the price reach that structure and look for intraday confirmation to short.

In case of its bullish breakout though, further bullish continuation will be expected.

2️⃣ GBPAUD- 3 Days time frame

The price is trading in a mid-term bullish trend.

After a recent bounce from a major trend line, the price retests that again.
It looks like bears are preparing for a breakout attempt.
In case of a trend line breakout, a strong bearish wave will be expected.

3️⃣ EURJPY - 2 Days time frame

The market is trading in a strong bullish trend.
The price is growing within a major rising channel.

Now the price retests a current structure high.
Chances are high that we will set a new higher high this time.

Wait for a bullish breakout & buy on a retest.

For shorting, we need a bearish breakout of a support line of a channel.

4️⃣ WTI Oil - Daily time frame

The price is still stuck within a narrow trading range on a daily.
It looks like the market is preparing for a test of its resistance.

For intraday trading, look for shorting opportunities from the resistance.

To catch a swing move, wait for its bullish breakout.

15 Apr 2021

Catatan

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