Trade Ideas Fx-Futures-Etf-Crypto

EURGBP, XPDUSD, XPTUSD, ITA(CBOE), UK100

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EURGBP-Short Idea

• The above daily chart formed an approximately 3-month-long descending triangle chart pattern as a bearish continuation after a downtrend.

• The horizontal boundary at 0.862 levels acts as a support within this pattern.

• A daily close below 0.86 levels would validate the breakdown from the 3-month-long descending triangle chart pattern.

• Based on this chart pattern, the potential price target is approximately 0.846 levels.

XPDUSD-Short Idea

• The above daily chart formed an approximately 5-month-long H&S top chart pattern as a bearish reversal after an uptrend.

• The horizontal boundary at 1338 levels acted as a support within this pattern.

• A daily close below 1300 levels validated the breakdown from the 5-month-long H&S top chart pattern.

• Based on this chart pattern, the potential price target is approximately 870 levels.

XPTUSD-Short Idea

• The above daily chart formed an approximately 3-month-long symmetrical triangle chart pattern as a bearish continuation after a downtrend.

• A daily close below 1820 levels validated the breakdown from the 3-month-long symmetrical triangle chart pattern.

• Based on this chart pattern, the potential price target is approximately 1350 levels.

ITA(iShares U.S. Aerospace & Defense ETF)-Long Idea

• The index measures the performance of the aerospace and defense sector of the U.S. equity market, as defined by SPDJI.

• The above daily chart formed an approximately 2-month-long ascending triangle chart pattern as a bullish reversal after a downtrend.

• The horizontal boundary at 236.14 levels acts as a resistance within this pattern.

• A daily close above 239 levels would validate the breakout from the 3-month-long symmetrical triangle chart pattern.

• Based on this chart pattern, the potential price target is approximately 265 levels.

UK100(FTSE100 Index Futures)-Long Idea

• The above daily chart formed an approximately 3-month-long ascending triangle chart pattern as a bullish continuation after an uptrend.

• A daily close above 10630 levels would validate the breakout from the 3-month-long symmetrical triangle chart pattern.

• Based on this chart pattern, the potential price target is approximately 11800 levels.

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Investment information, comments, and recommendations that are provided are not investment advice. These recommendations are general and are not specifically tailored to your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in line with your expectations.