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  • Vasily Trader

MarketBreakdown | WTI OIL, EURAUD, EURCHF, EURCAD



Hey traders,


The beginning of this week turned out to be weak and silent again.

Here are some instruments that I am currently watching.


1️⃣ WTI Oil - 3 Days time frame 🛢️


67.9 is a year's high.

For now, it is a key psychological level and chances will be high to see a pullback from that.

From a current perspective, it looks like we should not expect a reversal from that level,

but just a minor move before it breaks to the upside.


If you are a bull biased trader, wait for a daily candle close above that level,

it will be a trigger for bullish continuation.


Next key resistance - 77.0


2️⃣ EURAUD - 3 Days time frame 🇪🇺🇦🇺


After a key level breakout, we remain bull biased on EURAUD .

For now, the goal for buyers is 1.592 - 1.594 key daily supply area.

I will look for shorting opportunities from there


For occasional buying, keep monitoring the zone around 1.56 level.

It is the closest major support.


3️⃣ EURCHF - 3 Days time frame 🇪🇺🇨🇭


From March the pair is trading in a minor bearish trend .

The price is steadily fallign within a bullish flag pattern.


Consider the boundaries of the flag for intraday trading:

selling from its resistance and buying from its support.


To catch the next swing move, wait for a bullish breakout of the flag.

It will be a solid trigger.


4️⃣ GBPCAD - Daily time frame 🇬🇧🇨🇦


1.7165 is major daily resistance.

We see a bullish accumulation around that structure

and it looks like the market is preparing for its breakout.


Wait for a daily candle close above that as a breakout confirmation.

Then look for buying opportunities on a retest.

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