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07.12.202107:34 Forex Analysis & Reviews: AUDUSD bearish continuation | 7th Dec 2021

Exchange Rates 07.12.2021 analysis

On the H4, price is abiding to the descending trendline resistance, signifying bearish momentum. Price dropped below the daily overlap support, we can expect price to drop from 1st Resistance in line with 38.2% FIbonacci retracement and 61.8% Fibonacci projection towards 1st Support in line with 161.8% Fibonacci extension. Our bearish bias is further supported by the Ichimoku cloud indicator acting as a resistance.

Trading Recommendation

Entry:0.70615

Reason for Entry:

38.2% FIbonacci retracement and 61.8% Fibonacci projection

Take Profit: 0.69940

Reason for Take Profit:

161.8% Fibonacci extension

Stop Loss: 0.71033

Reason for Stop Loss:

61.8% Fibonacci retracement and 100% Fibonacci projection

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

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Daily Video Analysis: XAUUSD, H4 Bullish Channel Breakout Opportunity
Today we take a look at XAUUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups.
Autor: Dean Leo
02:41 2022-05-20 UTC--4
6028
USDJPY Potential For Bearish Continuation | 20th May 2022
On the H4, with prices moving below the Ichimoku indicator, we have a bearish bias that price will drop from our 1st resistance at 128.085 where the 38.2% Fibonacci retracement and horizontal overlap resistance is to our 1st support at 126.787 in line with the 78.6% Fibonacci projection..
Autor: Dean Leo
00:43 2022-05-20 UTC--4
5443
GBPUSD Potential For Bullish Continuation | 20th May 2022
On the H4, with price moving above the Ichimoku indicator, we have a bullish bias that price will rise from our 1st support at 1.23920 where the horizontal overlap support is to our 1st resistance at 1.25474 in line with the 61.8% Fibonacci projection. Alternatively, price may break 1st support.
Autor: Dean Leo
00:41 2022-05-20 UTC--4
5623
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