- Gold made another Pin bar that tested supporting zone today - The whole structure shows that Gold is still in trading range - Buy low when price breaks High today or make some retracement to its Fibo 38-50% - Target at 61.8% of previous bearish impulse leg - Comment +1 if you make profit
- Price formed a potential H&S which would wait for a confirm in breaking out and closed below 733 - Trend still shows bullish bias if price manages to find support and makes HH & HL then, so a Long order only when price closes above Right shoulder is valid for a Long timing
- Current market structure shows clear Uptrend bias - Look for Buying opportunities only - Buying on dip when price makes some intraday corrections - Set Stop trails to your break even point when there is 30 USD in your profit and then leave orders till it reaches target
- Strong correction from aggressively selling off - Attempt to make HH comparing to closest downtrend structure - Time the buying from 38.2%-50% of the last impulse to have an edge on RR
- Strong correction - Possible H&S - Wait for Price Action to short sell on H1
- Broke triangle pattern while the previous Pole expressing a strong bullish bias is still intact - Previous resistance now turn into support - Should hold long till reach target
- Broke rising channel and market structure - Had support at neckline - More downside is expected when price breaks neckline of H&S pattern
Price broke descending trendline and we can go long here
USDSGD is getting supported for now but can retrace back to Resistance level as shown in this pix, then may resume its long term downtrend
Gold is waiting to shoot up before Nonfarm Payroll today. Currently, Gold is on its support channel and will breakout very soon when it breaks short-term descending trendline. So, aim for Target at around 1,300.
EURUSD is at the edge of breakout. I suggest to trade breakout with the Long bias.
GBPJPY is on downtrend, we should short now to aim at 142.3 - Good luck!