Gold broke out of a long uptrend. We can see a bit of retests on the smaller time frames happening. on the 15 min time frame a retest of a previous LL has held.
Looking for a quick sell on the 15min timeframe
textbook markup - break and retest of double top support zone. retest is at 38 fib level. wick rejections present at retest. lower timeframe will show triple top pattern also with rejections. This is just before us elections are concluded so investors may flood into gold and JPY if the outcome is unfavourable an cause a big drop on this pair.
4hr uptrend was broken and retested. The retest point is also completing the right shoulder leg of a h&s pattern. a smaller 30min uptrend has also been broken and retested. analysis is a sell.
USDJPY has reached the bottom of 2 daily levels and has bounced off. on 1hr tf price has broken downtrend and is retesting. looking for buy up to daily resistance trendline
