Repost It's been some time I posted and shared my view in here on gold since I trade and focus at Dow Jones Index only. But this morning, I saw some traders discussed on gold and I decided to take a look on it. Looking at Dollar's strength, the momentum to rise again is very little and might go south due to various fundamental issues in the US. This might lead...
I took the short there. There's an OB at the 15m timeframe. *It's been a while since my last post.
Cup & Handle in 1 hour timeframe. I'm going to long.
After took 150 pips in total yesterday, I saw a setup this morning and took the decision to re-entry buy. Currently running profit at 40 pips. Hopefully, it will go through the resistance level today.
GBPUSD has reached its previous 2 resistance levels. Currently running profit of 150+ pips. I will wait for the next 4H candle to close before i decide whether to close the trade or to hold.
An update of my bias on GBPUSD yesterday. I took a long at 1.35381 with the hope that it can break the 2 tops, so it can move further up for the fib extension 1.618.
My view on GBPUSD next week. Possibilities for long as it currently has reached the 50% on fibo retracement. Might go drop a little bit at 61.8 before it goes north. Appreciate your comment and view.