- Trade based on price action of EURUSD, on Daily time frame a double bottom pattern waiting for 1.10700 support level to be broken - Trade based on price action of GBPUSD waiting for 1.2300 resistance level to be broken - EURGBP Daily time frame ascending trendline daily candle closed below trendline + 4hr time frame heads and shoulders pattern + Fib 61.80...
- Previous USDCAD analysis short hit the target of 60 pips - 3 sessions has been bearish before price reaches target 2 price could rise and then drop back down - SL is 10 pips - DXY breakthrough of 98.00
DXY 98.00 4hr Trendline breakout USOIL retest from 54.00
First scenario - gold could dip to 1500 level, if trend line is intact and is not broken, if DXY drops 98.00 level Secound scenario - if gold breaks the trendline structure there could be a possible pullback and then we can go long, GOLD has also been oversold on the RSI area
- Price touching + obeying the bottom of weekly trendline channel - Double bottom chart pattern - DXY breakthrough of 98.00 area + 4hr trendline which is exhausted - XAUUSD rejection of 1500 + near RSI oversold area - USD PPI had good impact on US + latest tariff news delay as well -
XAUUSD HEDGE POSITION EXPLAINED, in which my previous short analysis hit SL, however I was able to recover the loss + end the trade on overall profit.