On weekly trade no powerful support is seen untill 74.200 - 74.300. according to breaking the triangle we could go Short to reach that level ( powerful support ). Macd shows +RD so we can watch how market reacts to support level and after breaking the downtrend line we could Go LONG with TPs...
watching to break
USDCAD pair is running on correction wave. comparing to previous bearish trend this correction wave has less power from time point of view. we're looking forward mostly break from down to continue the C wave of Big correction.
with a closer and detailed look i think we could see a great and powerful pattern wolfewave. could Gold reach 1524? it's a dreamy target... all 3 lines gather in 1 spot!!! worth risking it by R/R...
could it lead to us election? still aiming the wolfewave target while moving inside the channel.
previous idea failed and the pair rose to the top. at this price R/R is too risky for such price and go long! better to watch this pair and how it reacts to resistances. could give a great short as before...:)
After GB Poll and a fall for GBPUSD the currency volatile between two lines. there are two possible moves 1- Rise from this point according to Pinbar Stablish and break the downtrend line and targeting the top resistance! which could be more possible ( Pinbar confirmation ) - If so we'd better wait till the break of Downtrend line and passing the previous lower...
Gold is running between equal resistances/supports. these lines could lead us and show the main targets according to reactions of trend to each line.
Gold still volatile in Triangle / Flag. the break from upper side is more probable and could give 2 target points (TP), one is the triangle height and the second TP is previous ascending trend. If USD meets the inflation raise decision! then Gold could see 1200/1220!