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  • Vasily Trader

MarketBreakdown | BITCOIN, USDJPY, USDCAD, EURJPY



Hey traders,

here is a brief technical outlook of 4 peculiar instruments in my watch list.


1️⃣ Bitcoin - Daily time frame


New ATH again.

The price has easily violated 67.000 structure resistance level

setting a new higher high higher close.


Next goal is 70.000


Your closest support for safe buying is a rising trend line matching the last higher lows.


2️⃣ USDJPY - Daily time frame


As I earlier predicted, USDJPY finally broke a support line of a bearish accumulation formation.

Now the pair will most likely keep falling.


Next support - 112.1


3️⃣ USDCAD - 12 hours time frame


The pair is steadily growing within a bearish flag pattern.

Ahead is a strong daily resistance level 1.25.


Let the price reach that level,

then wait for a bearish breakout of a flag as your signal to sell.


Alternatively, bullish breakout of 1.25 level will lead to a further bullish continuation.


4️⃣ EURJPY - 3 days time frame


The price is currently approaching a major demand area.

130.35 - 130.75 is a potential reversal zone.

Look for an intraday confirmation within that zone to buy the pair.

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