gbpusd is highly bearish at the moment, you need to wait for the bears to deplete and enter as soon as you notice bullish setup such double bottom or reverse head and shoulders. This trade setup does not constitute as trading advice.
This is easy we are about to have a double top. We enter short when it breaks the neckline going down. However if the uptrend has not ended we are looking to continue long when it breaks the resistance at the top. Agreed? Let me know.
Looking at the GBPUSD i am speculating a SELL when it reaches the KEY LEVELS. Do not take this as an investment advice remember trading is high risk.
Looking at the GOLD commodity, it seems that more and more investors are running to it due to currency pair uncertainty. The Gold spiked LONG yesterday reaching a high that was previously reached since 2011. However the current price level is very tricky and could likely reverse and drop, reasons for this are unknown yet. But for now since we know that Gold is a...