• Vasily Trader


Hey traders,

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

1️⃣ WTI Crude Oil - Daily time frame

The market remains bullish . For now, the price perfectly respects the boundaries of a rising channel .

Of course, the market is heavily overbought at the moment. Consider the breakout of a support of a channel

as a signal of a coming correctional movement.

2️⃣ GOLD ( XAUUSD ) - 6H time frame

Thursday was very bullish for the market & the price reached 1810 local structure high.

With a formation of three equal highs & three equal lows, it looks like gold is consolidating at the moment & stuck within horizontal trading range.

To catch the next bullish move wait for a breakout of resistance of the range,

that will be your trigger to buy.

3️⃣ USDCHF - Daily time frame

After a strong bearish rally, the price is approaching 0.91 key daily structure support .

Taking into consideration that the pair is relatively oversold at the moment

I would expect a pullback from that level.

Look for a confirmation on lower time frames to buy safely.

4️⃣ EURCAD - Weekly time frame

The market reached key weekly structure support .

I believe that the price will bounce from that structure.

Again, to buy safely, look for a confirmation on a lower time frame.