Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #GBPUSD daily time frame 🇬🇧🇺🇸
The market keeps correcting on a daily time frame after the pair updated the high. The price is steadily falling within a bullish flag pattern.
I think that a bullish breakout of the resistance of the flag and a daily candle close above that can be a strong bullish trend-following signal.
2️⃣ #USDCHF daily time frame 🇺🇸🇨🇭
The market keeps recovering after a massive selloff. The closest resistance that I see on a daily is the confluence zone based on a recently broken horizontal support and a falling trend line.
I will look for shorting opportunities from there 3️⃣ #EURAUD daily time frame 🇪🇺🇦🇺
The price successfully violated a major rising trend line and closed below that on a daily.
I think that the market has a nice potential to keep going lower. 4️⃣ NASDAQ INDEX #US100 daily time frame
The index is trading in a minor bearish trend on a daily. We see a local correctional movement at the moment.
I see a strong supply area ahead. It is based on a key horizontal resistance and a falling trend line. I think that we can expect a retracement from that area.
Alternatively, its bullish breakout will be a strong bullish signal.
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