MarketBreakdown | WTI Oil, EURUSD, GBPNZD, EURAUD

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

1️⃣ WTI Crude Oil daily time frame🛢️
The market is trading in a long term bearish trend.
After the last sharp bearish movement, the market is steadily recovering.

Ahead, I see a major horizontal supply area.
Probabilities are high, that the next bearish wave will initiate from there.

2️⃣ EURUSD daily time frame 🇪🇺🇺🇸
After a breakout of a solid daily resistance, the market is preparing for its retest.
Watch carefully the underlined zone and look for buying opportunities from there.

3️⃣ EURAUD weekly time frame 🇪🇺🇦🇺
The pair is currently approaching a weekly horizontal resistance cluster.
Taking into consideration, that the pair is quite overbought, probabilities will be high to see a pullback from that

4️⃣ GBPNZD daily time frame 🇬🇧🇳🇿
The pair is currently retesting a broken neckline of an ascending triangle. As we discussed earlier, the trend line of a triangle and its neckline compose a contracting buy zone now.
Chances will be high that the next bullish wave will initiate quite soon.

Do you agree with my market breakdown?


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