After that much anticipated break out of that consolidation, it then retested the upper trend line presenting us an opportunity to go long.
EURUSD coming from a Supply Zone and will likely be buoyed by the next Demand zone as seen highlighted on the chart.
EURGBP on the monthly time frame as I see it dipping within the decade.
Weekly price action shows price resisted from a descending trendline,in addition a monthly /weekly supply zone.Now on the 4H time frame,we have a developing head and shoulder pattern.
Seeing that a the downtrend is still in play.This chart mark up convinces me to sell.
Price is coming from a weekly demand zone,broke a descending trendline and retraced to retest a 4h time frame confluence zone.
After concluding USDCAD to be at a Monthly supply zone , Daily supply zone and a Weekly resistance line,I was able to plot out a 4H confluence zone from which the drop seems to be starting.I further confirmed with a 4H divergence,hence my conviction it's a short.
I see that Gold reached a weekly turning point.And spotted a good confluence zone which got retested giving me confidence to ride the swing down.I applied a fibonacci projection and I chose to set my take profit at the 100 fib level (1659.74).Let's see how it goes eventually.