DominicWalsh

Nasdaq-100 Index (#US100) Waiting For Breakout⚠️Nasdaq Index is stuck between 2 solid structures.Depending on the reaction to the underlined areas, I see 2 potential scenarios.1 - BullishIf the price breaks and closes above 12700 - 12900 supply cluster on a daily,I will expect a bullish movement at least to 131302 - BearishIf the price drops and closes below 12300 - 12500 demand area on a daily,I will expect a selloff to 11900Wait for a breakout, it will show us the future direction of the market.For Additional confirmation use: Breakout Indicator

#GBPCAD: Pullback From Key LevelGBPCAD reached a major horizontal resistance.The price has nicely reacted to that, forming a bearish engulfing candle on 4H time frame.I expect a retracement from the underlined structure.Goals: 1.68 / 1.677

#EURUSD: Important Breakout 🇪🇺🇺🇸 Bulls push 🟢EURUSD heavily after yesterday's Interest Rate Decision and FOMC. The price has successfully broken and closed above a solid horizontal supply cluster. The next solid resistance that I see is 1.099 - 1.103 area. Probabilities will be high that it is the next goal for buyers. For those, who missed entries, I strictly recommend waiting for a pullback first. I will post an update later on. For Additional confirmation use: Xmaster Formula MT4 Indicator

#GBPNZD: Classic Bullish Setup Explained 🇬🇧🇳🇿 🟢GBPNZD formed a huge ascending triangle formation on a daily time frame. Its neckline was broken yesterday. Probabilities are high that the price will grow now. Goal - 1.998 For Additional confirmation use: Trend Indicators

🔻AUDNZD reached a solid horizontal structure resistance. The price formed a doji candle on 4h and a double top pattern on 1H time frame. The neckline of the double top has just been broken. I expect a retracement to 1.0767 / 1.0744 For Additional confirmation use: Swing Trading Indicators

GOLD (#XAUUSD): Detailed Structure Analysis 🥇 Here is my detailed structure analysis for ⚠️Gold. Resistance 1: 1998.0 - 2010.0 area Resistance 2: 2050.0 - 2070.0 area Support 1: 1949.0 - 1960.0 area Support 2: 1875.0 - 1904.0 area Support 3: 1854.0 - 1859.0 area Support 4: 1804.0 - 1813.0 area Consider these structures for pullback / breakout trading.

🟢GBPCHF broke and closed above a major falling trend line on a daily. The broken trend line turned into a key vertical support now. Probabilities will be high, that a bullish movement will initiate from that. Next goals for buyers: 1.1423 / 1.151 For Additional confirmation use: Leading Indicators

Dow Jones Index (#US30): Key Levels to Watch This Week Here is my latest structure analysis and key levels to watch this week on ⚠️Dow Jones. Support 1: 31420 - 31830 area Support 2: 30690 - 30900 area Support 3: 30070 - 30360 area Resistance 1: 32250 - 32610 area Resistance 2: 33430 - 33660 area The market is currently stuck between Support 1 & Support 2. The market participants are awaiting the interest rate decision on Wednesday. It will most likely clarify the future direction of the market with a breakout. Consider the underlined structures for pullback/breakout trading.

#NZDUSD: Classic Top-Down Setup 🔻NZDUSD is approaching a solid horizontal daily resistance. We see a strong bearish reaction from that: the price formed a rising wedge pattern and a head and shoulders pattern, the support of the wedge and the neckline of h&s were successfully broken. I believe that the pair may drop. Goals: 0.6237 / 0.622

#EURCAD: Time to Grow! Update for my Friday's post on 🟢EURCAD. The price has perfectly respected a horizontal key level on a daily: after a formation of a double bottom pattern on 4H, its neckline was successfully broken. Now, a bullish continuation is expected. Targets: 1.469 / 1.4735 For additional confirmation use: VWAP MT4 Indicator

Gold (#XAUUSD): Your Trading Plan For This Week 🟡 ⚠️Gold is unstoppable. The market closed, forming a high momentum bullish candle on a daily. The price is currently approaching a solid resistance cluster. To catch a bullish continuation, watch 1977 - 2000 area. If the price breaks and closes above that, probabilities will be high, that the market will go much higher. Next goal for buyers will be 2050.

Bitcoin (#BTCUSD) has just broken a new yearly high!🔥 Bulls are pushing 🟢Bitcoin again. The price have updated a new high and currently approaching 27000 level. From a technical perspective, we see a breakout attempt of a major weekly resistance cluster. The weekly candle closes in 2 days. Closing above the underlined area, Bitcoin will open a potential for a further bullish continuation.

#CADJPY: Bullish Outlook Explained 🟢CADJPY formed a cute double bottom on a key horizontal support on 4H. Its neckline was broken during the Asian session. I believe that the pair will most likely bounce. Target - 98.3

#EURCAD: Top-Down Analysis & Trading Plan ⚠️EURCAD is approaching a peculiar horizontal demand zone. The price formed a doji candle, testing that on a daily. Analyzing a 4H, I spotted a double bottom with a higher low. 1.458 - 1.462 is its neckline. If the price breaks and closes above that on 4H, I will expect a bullish movement. Goals will be 1.469 / 1.473. ❗️If the price sets a new low though, the setup will become invalid For extra confirmation use german sniper indicator

Dow Jones Index (#US30): Waiting For Breakout ⚠️Dow Jones Index is very bearish since 7th of March. Currently, the price is stuck on a solid horizontal support, though. For now, I am patiently waiting for its breakout. Daily candle close below that area will confirm the violation. A bearish wave will be expected then at least to 30900 support. I will post an update once I spot a confirmed breakout.

GOLD (#XAUUSD): Key Levels to Watch🥇 Here is my updated structure analysis for 🟢Gold. Support 1: 1875 - 1890 area Support 2: 1855 - 1858 area Support 3: 1805 - 1813 area Resistance 1: 1950 - 1960 area Resistance 2: 1978 - 1998 area As I predicted on a live stream, the price nicely bounced from Support 1. I believe that the market will head towards Resistance 1. Consider the underlined structures for pullback / breakout trading.

#CADCHF: Bearish Move From Key LevelCADCHF is approaching a key daily structure resistance.The price formed a double top pattern on an hourly time frameand broke its neckline to the downside then.I expect the retracement from the underlined zone.Goals: 0.673 / 0.67

CRUDE OIL (#WTI) Bearish Setup Explained🛢 On a today's live stream, we discussed 🔻WTI Oil. The price formed a tiny double top pattern on 1H time frame, approaching a wide supply cluster. Its neckline was broken. I expect a bearish continuation to 70.9 now.

#USDCAD: Your Trading Plan For Today ⚠️USDCAD is consolidating on a key level. We see a narrow horizontal range on 1H time frame. To buy the pair with a confirmation, watch 1.369 - 1.37 horizontal resistance. If the price breaks and closes above that on 1H, the probability will be high that we will see a pullback from the underlined structure. The goals will be 1.374 / 1.378 For confirmation use Moving Average Indicator If the price sets a new lower low, the setup will become invalid.

#EURCAD: Important Breakout! 🇪🇺🇨🇦 🟢EURCAD was consolidating for 3 months on a weekly. The price was coiling within a horizontal range. Its upper boundary was broken last week, and a weekly candle closed above that. Probabilities will be high, that a new bullish wave will initiate soon. Next resistance - 1.5

#EURCHF: Trend-Following Setup 🔻EURCHF is approaching a confluence zone based on a horizontal supply area and 618 retracement of the last bearish impulse. The price formed a head & shoulders pattern, testing that. Its neckline was broken then. I expect a bearish move to 0.9732

#CHFJPY: Bullish Continuation Pattern 🟢CHFJPY is trading in a minor bullish trend on a daily. The price was accumulating for 3 weeks within an ascending triangle formation. Its resistance was broken on Friday, we see its retest now. I expect a bullish continuation to 148.3

#NZDJPY: Pullback From Key Level 🟢NZDJPY formed a cute double bottom pattern on a solid support on 1H time frame. Its neckline has just been broken. I expect a pullback to 83.24

S&P500 Index (#SPY) Bearish Outlook ExplainedS&P500 reached a solid horizontal key level.The price formed a tiny double top on that and a doji candle.Now, bears are pushing.I expect a fall to 3886 / 3851

#GBPAUD: Time For Pullback 🇬🇧🇦🇺 🔻GBPAUD reached a key daily structure resistance. The market was nicely rejected from that on 4H first, then, a bearish engulfing candle was formed. I expect a retracement from that structure. Goal - 1.804