Nice Swing sell with anticipated nzd weakness and cad becoming strong
Weekly ms bearish even though the emas still bull with a double top off the 50% fib where as you can see around that area is being respected if you look left. I really thought she gone go all the way up to the 78.6 and then drop or even the 61.8 where the hiccup is while she in this bearish pennant. Daily emas look like it’s about to cross bearish even though...
Looking for a possible trend continuation. the 38.2 fib level is matched up with a weekly support and you can see the previous respect if you look left. The 61.8 fib level is also something to watch out for with a broken resistance and could be a nice bounce off the respected trend line. potentially GOLD could push up to 1350.
Looking at the daily chart. There was a bullish engulfing that bounced off the trend line as shown in the previous daily candle. Also you can see a potential inverted head and shoulders pattern forming on the h4 timeframe.