Though GBPUSD still tells me to wait, I propose that it is approaching in importent level confluenced by a channel and zone, moreover, I think these will provide sufficient resistence for a minor retracement to follow, preceeding a larger bullish move. This is confluenced by a bullish moving average cross and a support level confluenced by the 200 moving...
Oil is in undecided territory right now on the verge of what looks like a macro shift, that said in the shorter term we can see a setup for a possible bullish move on the intraday. This is confluenced by the bullish 50 and 100 Moving Average Cross. My confidence in this trade is limited as, after all, it is Oil, but time will be the best teacher.
A lesson I find myself forgetting many times over is
DO NOT ENTER IMMEDIATELY AT BREAKOUT/BREAKDOWN
In these markets, it is generally better to wait for a candle close confirmation above zone, followed by a retracement, and then you can enter.
Generally it is better to miss a move than lose money regardless.
Essentially if you want more of your trades to...
On the Daily Chart Gold tells us a net bullish tale, in the short term. Notably, Gold finds itsself in a range, however I think it is viable to speculate gold should find its way to touch the upper bound of this range within a minimal deviation. This in mind however, the CPI tomorrow bares a wild Card in terms of volume thereby I would strongly advise to KEEP AWAY...
