Gold has reached a previous level of resistance, also trading very close to a falling channel that could provide liquidity for the MM to fill his buy orders. We also have have an order block @ 1950
This is based on fundamentals, Investors could potentially sell their Facebook stocks due to controversy surrounding What's App Privacy policy issue. Millions of users across the globe are already looking for alternatives.
I Will let the analysis speak.
Boeing bounced off a Key Level at 205
Possible H&S pattern forming on M15. Find an entry based on your rules
M15 CHART PRICE ACTION BELOW 50EMA AWAITING CONFIRMATION ON THE STOCHASTIC TO ENTER A SHORT POSITION 1:2 RR FOR 20PIPS TO THE PREVIOUS TARGET
M15 CHART PRICE ACTION BELOW 50EMA FLAG PATTERN FORMING TO RESISTANCE LEVEL AWAITING CONFIRMATION ON THE STOCHASTIC AND MOMENTUM TO ENTER A SHORT POSITION IF PRICE BREAK RESISTANCE AND CLOSE ABOVE THE GREEN ZONE I WILL BE LOOKING FOR TREND CONTINUATION TO THE UPSIDE OUT ON HIGH TIMEFRAME AS WE ARE STILL ABOVE THE 200EMA AND TRENDING UP ON THE HIGHER TIME FRAMES