Nice sell setup coming along with good potential and R/R
Good short so far for the begining of January with a potential to make new daily lows
Possible wave structure with a nice short trade coming along
Bull Pennant did not follow through although it has bounced of the trend line (yellow) and has picked up some momentum. If it passes 0.738 we could see new highs of 0.744 or even 0.75 or alternatively if it losses momentum before 0.735 we could see it turn bearish and retest the 1st Support level at 0.715 if it breaks through, it could test the 2nd support level at 0.70
There is RSI Divergence on the 4h chart and it has broken through the Fibonacci Support level 61.80%
FX:GBPUSD has broken down below its downtrend line, next weekly support level is at 1.4750
FX:EURUSD is retesting its trend line (Purple) and has reached major resistance at 1.05 zone, could start to go bullish to its next resistance level at 1.14 if it goes higher we could see it reach the 1.19 price range
If FX:XAUUSD does not break through 1000 it will be a great buying opportunity in which case 1st level take profit would be at 1150. Although if it remains bearish and breaks below 1000, the next good buying level would be at 750