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.
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