Gold has just received heavy bullish pressure of about 80-90 pips today. If you missed my entry trade you might have another chance to enter again. Gold has just broken a trend line and now we are waiting for retracement back onto it. If the price enters the box i have placed then i would advise buying. If it touches the trend line and enters the box i would...
I have just noticed an inverted H&S on the hourly time frame which could help to think that GBPJPY will rise. Also with other trades such as GBPUSD expecting rise this should hopefully do also. With Brexit this Friday anything could happen with the GBP value.
After seeing Gold breakout of its flag it entered again and broke out once more with a retest. We can hopefully presume that gold will carry out its trend upwards. Also with news on the way (FOMC) Gold could hit up to 1600.
GBPUSD has just created a hammer candle on the 4H time frame which indicates that there could be a reversal from its previous bearish movements. Also as u can see its hit the zone of where there has been a lot of retracement so we look for this market so start reversing and heading upwards.
GOLD has just had major bearish movement and we still expect more drop. I will be looking for gold long entry positions at the trend line retest or the pink horizontal line. Keep in mind the more retracement gold has the more volume it can produce on the reversal.
GBPJPY has just touched a major trend line which has held for 5 months. This gives us reasoning to enter a long trade. PLEASE KEEP IN MIND THE TP IS A LONG TERM TP. You can TP where the blue rays are if your worried about your trade. Those are more short term.
Could be a possible entry after the trend line retest.
After the news of the US embassy attack gold has risen as expected and broken the flag pattern. At this point now we expect gold to carry up its uptrend and hopefully hit around 1600.
GBPUSD has just broken a trendline of resistance and now we are waiting for the retest to hopefully enter a long trade.
After hearing the news of the US Embassy attack we can only presume that gold will carry out with its uptrend. Depending on the news of this impact i.e the casualties will help when to enter the trade.
After seeing the Rockets hit the US Embassy in Baghdad we can only presume USD/JPY will follow itself down