Channel break towards the upside, wait for retest of the break from new daily candle the we can expect a continuation to the upside...
Gold is currently trading at the resistance area, should we close below the resistance area, we expect a drop from gold
As we've analyzed from the Live sessions, we have a retest of resistance should we close below resistance. we expect a drop from gold.
AUDJPY has bounced off the bullish channel support on the Daily timeframe and had broken the bearish channel resistance on the H4 timeframe confirming its intensions to continue the bullish rally towards the 76.581 zone which also aligns with the 61.8% fib retracement of the higher timeframes. safe enteries will be considered to be at the new daily candle finding...
GBPCAD has rejected the channel resistance twice, forming a double top giving way for the bears to short the pair, safe enteries are considered at the retest of resistance on the lower timeframe at around 1.74344
Gold is in a heavy bearish move on the higher timeframes, currently trading at the 38.2% fib of the bullish retracement. Shorting opportunities are available for the commodity to continue bearish momentum
Triangle break to the upside, wait for retest of support then we can expect a long move
Triangle break to the upside..wait for retest of support then we can expect a long move from this pair
Following a break and retest of the channel, we can expect a bearish continuation from the pair. Targets are set based on the Harmonic ABCD completion.