AUDCAD complete double cycles on Daily and gained momentum with 2 False breaks on Daily too I shorted at 50% RF, target to 50% of RF retrace on Daily
The pair complete triple cycles on Weekly, with divergence on W, D TF. H1, H4, D all with bullish momentum, the price also break trendline on W, that is so powerful. I think it is suitable for investor on Weekly, target to 1.372. There will be much news on Bexit negotiation, please take care.
on H4, gold nearly reached 100% level of FB expansion, with 3 FB detected. Momentum confirm with last drop gave us a chance to sell at 50% RF from last high. (normally pairs can sell at 38.2 RF, but gold is strong, 50% is safer). Sell is running at: Entry: 1248.49, SL: 1253.42, TP 1231.86 PS: long term, gold may reach 1400 this year :)
We have divergence on MACD. FB expansion completed at FB 100 level, we also have several False Breakout on H4 Timeframe. Last week the index dropped with nice momentum for this coming weak. I think we can sell the retrace 38.2 from last hight to 38.2 of the cycles. entry: 2360.3, SL: 2392.6, TP: 2278.