Andrew's Pitchfork gives support and resistance.
3 Touch Trend Line Break ,Pin Bar Observed ,A break of RSI trend line might be a good opportunity to short gold.
GBPNZD : Breakout long...details on chart.Target 2.20
Bullish bias if trend line on candles & RSI break.Future kumo and chikou span also indicate the same.Resistance lines shown are targets.
Daily candle inside the kumo suggest consolidation mode. Last three candles give us an approximate triple top and it ties up with kumo resistance and trend line resistance.Break of red trend line and break of RSI would be favoured for a short.Bottom of the kumo cloud or the trend line would be the initial target.Stop can be placed few pips above the major resistance.
Williams Vix is indicating short term bottom. Would like to see break of trend line and retrace.Fundamentally Euro is weak with Draghi & Co expected to do the work.Fed is expected to hike the rate in the next FOMC meeting.Divergent monetary policy favours to short this pair after re-tracement.
GBPAUD SHORT : ICHI KUMO CLOUD BREAK ,TREND LINE BREAK,PIVOT BREAK, DOWN TREND
Trendline Support 3 touch , Weekly Support ,Fib Confluence ....possibility for a short term long.
Heiken Ashi Candle and the linear regression channel indicating reversal on daily and weekly chart.Traders Dynamic Index market baseline also indicating overbought levels on daily and weekly.Fundamentally BOE has a dovish stance in MPC mins and RBA has removed few key dovish statements from its minutes.Any feedback is welcome.
Long GBPCAD ...Market Structure low.This is my first post.Kindly provide feedback.