MarketBreakdown | WTI Crude Oil, USDJPY, BITCOIN, AUDUSD

Jun 6, 2022

Hey traders,
here is a brief technical outlook of 4 peculiar instruments on my watch list.

1️⃣ WTI Crude Oil - Daily time frame 🛢️

The market is steadily growing within a rising parallel channel.
The price is coiling around its resistance for the last two weeks.
I assume that we will see a retracement from that soon.
Be prepared.

2️⃣ USDJPY - Daily time frame 🇺🇸🇯🇵

The market is very close to current highs.
If we break and close above them again,
it may lead to a further bullish trend continuation to new highs.

3️⃣ BITCOIN - Daily time frame ₿

The market is steadily growing within a rising wedge pattern.
As I predicted the price nicely bounced from its support.
I assume that btc will keep growing and will retest a local high soon.

4️⃣ AUDUSD - 12 hours time frame 🇦🇺🇺🇸

The marker has recently reached a key daily resistance.
To catch a bearish movement from that watch a rising parallel channel on 12H time frame.
Its support breakout will be your confirmation to short.

❤️Please, support this idea with a like and comment!❤️

Jun 7, 2022

Note

Check my new idea on ETHUSD: