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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