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  • Vasily Trader

MarketBreakdown | WTI OIL, GOLD (XAUUSD), USDCHF, EURCAD



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.

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