There are a few things at play for Gold. Will keep an eye on the market close on 9th Dec and 10th Dec. Our Lions Club Millionaire Indicator might confirm an open sell. There is no need to predict and rush the market. Let the chart speak, and opportunity manifest. 3 possible scenarios on the chart. Will keep you guys posted when I will trade in Gold But get ready...
I opened a short yesterday at the upper end of this channel. Look for a restest of the upper boundary post CPI for another short!!
Interest rates have peaked out. The tech sector (specifically fintech will win from it)
Appears to be nice wave structure, still on the way to 145..area
GBPUSD will complete the channel on 4h before moving sharply towards 133 mark on channel per comment
4h hanging hammer is selling hot. Trend lines clearly show a steep downfall, first stop 200 pips down on llower trend line, if that breaks, we are smelling 550+ pips
1.34 is strong resistance zone on 4hr. Short could be considered for tp1 1.32 and tp2 of 1.13 with stop loss at 1.342
All, You can see that major 4H trend was broken and channel prove to be huge resistance. Now minor range channel is also broken. I will open sell if the 4H candle closes below .68200 with volume. Stop loss will be .68890 and target .67800 Hit like ....will appreciate your comments Not financial advice, use your own judgment
Hello guys, I had opened a short around 1.28 area. Appears to be another short but need to maintain caution as it may bounce back from current level. So please respect the stop loss. Not a financial advice, use your own analysis.