Has to pay a visit down below for either a reversal or stronger push down. Equities at record high not boding well for safe haven fundamentally either
Bye Gold. It was a nice short. Time to let go of you now my friend
Break of Ascending Trendline + 50% retracement should see big RR
Downside pressure upon test of outer descending TL ?
Strong bullish prints to fuel further upward momentum towards swing high 55.54
Sell EURUSD when price retreat to touch ~1.0480 zone.. Look for multiple TP to maximize trade
Price finding resistance at outer channel, may head down to test support level before moving higher Invalid if price fails to touch support zone ~1156
Trading Idea - EURUSD False break triggers waves of stops... Price closed inside descending channel Short when price retraces back to 61.8% a 1.0460 for a 1.5 RR
Trading Idea - GBPUSD Price retraced to 50% Fib, looking to short at this level
Sell the breakout, wait for candle to close below ascending trendline
Price tested 114.20 multiple times, indicating strong bullish momentum. Look to LONG around this area
Since touching the high of 113.89 on Nov 25, we have see some pullbacks notably towards my previous Supply (now Demand zone) Price is shaping nicely into ascending channel with minor reversals on the edge I expect price to retest near supply zones 113.75 to 114.00 before reversing back into lower edge in the channel (RED ARROW) With one eye on this Friday NFP,...
Yen bears to continue its assault should price breaks above the supply zone with Fed rate hike its likely acquittance.