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USD/CAD Technical Outlook: Retracement or Reversal?2021-06-24 12:30:00USD/CAD exploded last week and looked poised to continue higher, but the ... USD/CAD Technical Outlook USD/CAD explosion at first looked sustainable The pullback we are seeing brings serious doubt on a continuation trade Advertisement USD/CAD Technical Outlook: Retracement or Reversal? USD/CAD shot out of a cannon last week after putting in an extremely tight period of trading. The rally at first glance looked good for at least a continuation trade after a period of digestion, but that has been brought into serious question with the sharp retracement we have seen. Yesterday, a minor reversal developed that could help floor the decline, but if we see price sink much further, then the larger than expected pullback has likely morphed into what will be a full reversal and potentially a leg towards a new cycle low.

AUDCAD BUY ENTRY 0.9320 SL 0.9245 TP 0.9340 TP 0.9370 TP 0.9420

US30 TP2 HIT 740 PIPS🔥

US30 SEL 34 014.00 TP : 33 990.00 TP : 33 950.00 TP : 33 900.00 TP : 33 800.00 SL : 34 150.00

Gold sell @ 1784 Sl: @ 1791 TP: @ 1762

GBPJPY sell 154.835 Tp 154.400 Tp 153.500 Tp 152.000 Sl 155.700

EUR/USD Forex Signal: Retest of Last Week’s Low Likely The pair will likely resume the downward trend as bears attempt to move below last week’s low. Bearish View Set a sell-stop at 1.1895 and a take-profit at 1.1848 (last week low). Add a stop-loss at 1.1950. Timeline: 1-2 days. Bullish View Set a buy-stop at 1.1955 and a take-profit at 1.2053 (38.2% retracement). Add a stop-loss at 1.1900. The EUR/USD retreated slightly during the overnight session as investors reacted to Jerome Powell’s testimony to Congress. The pair declined to 1.1920, which was slightly lower than Tuesday’s high of 1.1953.

XAUUSD SELL 1780.00 Take Profit 1: 1770.00 TP 2: 1760.00 SL: 1795.00

#GOLD TP1 HIT +50 PIPS PROFIT

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GOLD BUY AGAIN@ 1773 TP 1778 TP 1785 TP 1795 SL 1767

EUR/USD Forex Signal: Weakly Bearish Below 1.1922 The price must break below 1.1850 for bearish momentum to continue. Last Thursday’s EUR/USD signals were not triggered, as there was insufficiently bullish price action when the support levels identified were first reached. Today’s EUR/USD Signals Risk 0.75%. Trades must be taken between 8am and 5pm London time today only. Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.1923 or 1.1943. Put the stop loss 1 pip above the local swing high. Adjust the stop loss to break even once the trade is 20 pips in profit. Take off 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run.

GOLD BUY 1777 TP 1780 TP 1785 TP 1795 SL 1767

TP 1 hit 20+Pips

AUDCAD BUY 0.92933 TP 1: 0.93133 TP 2: 0.93433 TP 3: 0.93833 SL 0.92333