MarketBreakdown | BITCOIN, USDJPY, USDCAD, EURJPY

9 Nov 2021

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.

❤️Please, support this idea with a like and comment!❤️

10 Nov 2021

Nota

Check my new idea on EURJPY: