Gold has tested resistance twice in 4 hours, price is rejecting a bearish trend line. Expecting gold to show more bearish movement.
XAUUSD had a false breakout at the HH swing level, if price breaks support and then retests it a sell position should be opened. There is no indication of bullish movement or trend reversal.
EURUSD is creating a bearish flag, price is showing interest at the bottom of this flag, if price breaks to the downside a sell position should be opened. Price an also create a false breakout and continue to touch the top of the bearish flag, will be posting updates on this idea.
AUDUSD is showing support on previous HL. This is a indication for trend continuation, price is also above the 200 EMA showing that the pair is still in a strong uptrend. Price is also showing decent rejection on a bullish trend line. If price does not break and retest the current support level, a long position will be beneficial.
I predict that GBPUSD is a sell. I used the Fibonacci retracement, as well as strong resistance levels.
I predict that GBPUSD is a sell. I used the Fibonacci retracement, as well as strong resistance levels
I predict that GBPUSD is a sell. I used the fibonacci retracement, as well as strong resistance levels.