GBPUSD above a monthly trend line and had not broken the most recent higher low, therefore GBPUSD can still move upwards. However, if GBPUSD breaks the H$ trendline and show bearish momentum it can spill over to a higher timeframe and potentially touch the monthly trendline. A break of this trendline will cause long term bearish momentum. if the monthly trendline...
XAUUSD has a clear M formation on the Yearly chart. The weekly and monthly are showing signs of a possible sell but on time frames such as the daily and lower there is a clear buy setup in the form of a W. Expect price to reach the 1500s before take profit occurs. If the demand is not respected on the daily timeframe then look for more selling pressure to occur.
GBPCAD is currently sitting on a weekly uptrend and below w H$ supply zone. If price breaks below the uptrend line, I am expecting a sale to the long term monthly trend line netting 300-400 pips
Price is in a channel, wait till the uptrend line is broken to enter any short positions. Also, keep in mind that on the daily timeframe gold looks like it can form a W.
GBPUSD currently at important price 1.22874 which is a supply zone turned demand. Before taking any trades on this pair watch for price to break below the trend line into the next price range of 1.22836 and 1.200 to place a sell. If price buys off the trendline continue to buy until the down trendline on a higher timeframe is touched. Keep in mind the main...
Price has hit a strong area of supply, if rejected a new record high will not be made and we can see a sharp sell to the bottom of the weekly M setup. If price breaks above the supply zone we will have a new area of pricing yet to be touched by the US30 market and a indication that the economy is still expanding.
With trade wars increasing between America and China, we should see a weaker S&P 500 as companies start to feel the effect of the tariffs.