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GBPJPY, Daily
Price now entering the Weekly OB showing signs of a potential great reversal back down towards the channel’s bottom. If price doesn’t respect this OB and breaks above however, we could see price continue and reach the channels top.
- Bart
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S&P500, H4
SPX on the 4H chart also hits a long term trend line for support. The moving average is also there if price breaks under. FOMC and earnings are big for today as stocks dip 1.65% on the day. For those "buy the dip" traders, this looks to be a good time to get back in the market.
- Frank
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Читать полностью…XAUUSD, Daily
Price looks like it's heading to the downside, I'm expecting price to only push up to around that H4 OB indicated however since there is a main Daily OB below it, we may see price reach there but it's best to look out for confirmations as to how price reacts to the H4 one before making any judgements.
- Bart
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4 Pairs to Be Wary Of
As many of you already know, the EdgeFinder, A1 Trading’s market scanner software, can be incredibly helpful for discerning which securities are especially worth watching for potential trade setups. Whether you are planning on buying or selling a currency pair, commodity, bond, or more, EdgeFinder analysis is so robust that its ratings and biases can be a go-to supplement for traders. However, one feature of the EdgeFinder’s that is little mentioned, yet quite meaningful, is its generation of ‘0’ ratings and ‘Neutral’ biases. Most days, there are a small handful of pairs or securities that earn these reviews; rather than being irrelevant, these ratings can be quite convenient to keep in mind, as they can alert traders to risks in terms of lack of signals. With that in mind, here are 4 pairs to be wary of next week, as they currently earn such ‘0’ ratings, indicating that an extra measure of caution could be helpful.
https://a1trading.com/4-pairs-to-be-wary-of/
XAUUSD, H4
Price after some short-term weakness yesterday is now breaking out of the channel’s top and collecting liquidity from the grey area shaded. Price could be well on its way to the Daily OB at the top and complete the long-term bullish flag pattern.
- Bart
EURUSD, H4
Price comes down to support on the 4H chart and shows some rejection off the lows for the day. FOMC statement today caused stocks and other forex pairs to drop while investors worry over what the Fed will report. Support lies around 1.20400 and resistance around 1.21000.
- Frank
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GBPJPY, Daily
Price approaching the OB on the weekly timeframe, and is reacting the top of the rising wedge. Both great confirmations of a possible short trade to take here. Looking out for a clear rejection before going short.
- Bart
GBPUSD, H4
Price forming a rising wedge pattern, suggesting possible medium-term bearishness just as anticipated by Citi, I'd expect this drop to go towards the H4 OB as indicated before a potential rise up again to fulfil the overall ascending channel.
- Bart
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XAUUSD, Daily
Price is still in this long-term bullish flag pattern which began in June 2020. Price was on its way to breaking to the upside; however, quickly returned back inside the channel. Price closed off for the week with a hammer candle right at the channel's top. Price is still yet to fill in the gap caused by the aggressive bearish candle. I reckon this should be filled in this upcoming week and price should head towards the 1950 level.
https://a1trading.com/jan24
👆 New Article: Weekly Forex Forecast
A1 Analyst Bart just posted his weekly forex outlook on EURUSD, GBPJPY, GBPAUD & XAUUSD.
https://a1trading.com/jan24