MarketBreakdown | EURUSD, BITCOIN, CRUDE OIL, EURGBP

٧ مايو

https://www.tradingview.com/x/DFf5BryC/

Here are the updates & outlook for multiple instruments in my watch list.

1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸

EURUSD is trading in a bearish trend on a daily.
The price is falling steadily within a falling wedge pattern.

With a recent correctional movement, the price reached the resistance of the range.
A trend-following movement may initiate soon.

Alternatively, a bullish breakout of the resistance of the wedge will trigger a trend reversal.

2️⃣ #BITCOIN daily time frame ₿

After a very bullish movement on Friday, the market violated a resistance line
of a falling wedge pattern on a daily.

It is the important sign of strength of the buyers.
Looks like the market may keep growing.

3️⃣ #WTI CRUDE OIL 🛢️

As I predicted, Crude Oil keeps falling.
The price is very close to 2 significant demand clusters.
Probabilities will be high to see a pullback from one of these structures.

4️⃣ #EURGBP daily time frame 🇪🇺🇬🇧

The price nicely respected a key daily horizontal demand zone
and bounced from that.

With a clear strength of the buyers the pair may keep growing easily.

Do you agree with my market breakdown?

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