XAGUSD H4 – Steep Rally
Another week, another all time high for the XAGUSD. The price is within touching distance of the adjusted upper daily bullish channel. While the overall bias is still bullish, the silver has rallied so steeply. It’s not going to be sustainable. Here’s the full breakdown:
📊 Market Structure: HH/HL → Bullish
📈 EMA Check (H4): Price closes above 50 & 200 EMA
🔑 Support & Resistance: Support = 44.5 / Resistance = 47 (Upper bullish channel)
📏 Trendline: Uptrend line intact
📐 Channel: Bullish channel still in play
✅ Bias: Bullish
🎯 Setup Watch: Observe for rotation lower
EURUSD H4 – Support Turned Resistance?
The EURUSD rotated lower. It broke the previous support zone (which now becomes a resistant zone) and also the lower daily bullish channel. If there is a sell signal, it could be a quick trade, as the overall bias for USD is still bearish. Here’s the full breakdown:
📊 Market Structure: HH/HL → Bearish to Neutral.
📈 EMA Check (H4): Price closes below 200 EMA.
🔑 Support & Resistance: Support = 1.158 / Resistance = 1.17 ~ 1.174
📏 Trendline: Lower daily bullish channel is broken
✅ Bias: Bearish to Neutral
🎯 Setup Watch: Sell around 1.17 ~ 1.174 → TP 1.158
XAUUSD H4 – Still Bullish?
After a month of rally, is now the time for the bull to rest? The price has now been pushed to the adjusted upper daily bullish channel. Here’s the full breakdown:
📊 Market Structure: HH/HL → Potentially sideway at the moment
📈 EMA Check (H4): Price is far above 50 EMA
🔑 Support & Resistance: Support = 3,716 / Resistance = 3,800
📏 Trendline: Uptrend line intact
📐 Channel: Bullish channel still in play
✅ Bias: Bullish
🎯 Setup Watch: Wait for rotation lower to enter
GBPUSD H4 – Distribution?
The pair is now closed below and cleared the 200 EMA in H4. It’s a sign of weakness. 2 aggressive sell zones emerge. Here’s the full breakdown:
📊 Market Structure: LL/LH → Bearish to Neutral. Bearish if 1.33 can be taken out.
📈 EMA Check (H4): Price below 200 EMA
🔑 Support & Resistance: Support = 1.335 / Resistance = 1.34 ~ 1.345
✅ Bias: More to bearish
🎯 Setup Watch:
1) Sell aggressively at the 2 sell zones
2) Wait for clean breakout below 1.33 → TP 1.32