Gold broke then downtrend that it has been in i am at least expecting the a candle to fill that wick to the left around 1970 area today for right now i’m seeing gold just doing a retest and another move up
Clearly making lower lows i have a 15 pip sl expecting gbpaud to head down to lower support and then from there we will look and see what price action does from there .
We’ve seen price make an attempt to the upside and get rejected at the top resistance from there we have seen price trade lower and break a minor support level and after we’ve seen price make one last retest and get rejected there fore closing at a bullish pinbar candle so from there i am expected downside move to 124.50/124.70 area
I’ve been waiting on this move for a while i’m currently long on xrpusd from this support area as if we look left we can see where price came to this support in the past and we saw an upside move so i am expecting the same to play out sometime today honestly this is the best risk to reward ! Good luck everyone !!
Downtrend pressure remains strong so from here i’m expecting a break and retest of support and further downside move 4hr candle was a pretty bearish close so just be patient for the break of support and retest and another trade opportunity for usdcad
As you can see DXY weakness continue as we see it affecting other usd pairs expecting usdjpy to continue to the downside using my fib from the swing low to swing high we can see rejection of the 61.8 and 78.6 and now expecting a move to the downside first target will be 105.50 then 105.20 really expecting a farther move
we’ve been consolidating yet again with no real retracement back down to a lower support from here we could see a breakout and retest to yet higher highs to confirm this though wait for a break and retest of that resistance above
so we have seen jpy currency take a beating recently and sell off there’s showing euro strength so if we look at the chart we can see eurjpy has broken a downtrend line so i’m just expecting a retest of that previous resistance to now act as support and a push to back to the top resistance
So we have seen the dollar attempt to break and make new highs but failed we have seen a pattern breakout to the downside also a double top and multiple rejections of this top rejection so i am expecting downside move for dxy
price failed to break support also dxy showing weakness looks like we can see buyer make another upside move here
So i see price is in this range after a previous sell off off the past two previous months buyers are now stepping in looking to break out this range