We can see that it has broken the ascending trendline and is now consolidating. it has since retraced back to the trendline nad rejected it. I am hoping it will give us a good break of the support level abd continue downwards. If it gives a clear break we can look for a sell setup
We can see a clean break of the ascending channel formation and i expect further downside for this pair.
As we can see EURUSD has now broken the ascending trendline. Price is currently testing the resistance zone and i belive it has the potential to make a downside contiuation. I will be looking for bearish corrective structure to confirm the down move.
a break of the trendline and correction. I expect a bullish movement. Will try and update
might see a pullback after breaking thorugh the trendline and then continue down towards support.. will keep this position long term.
I am curious to see if gold will hold its support. it has been going sideways for some time. i was bullish when it broke the decending trendline and am waiting for a correction towards the support before i expect a bullish move towards 1350 area. If it breaks through will be bearish in this pair. please leave a comment if you have any suggestions or comments.
short when it breaks support and hold until it reaches fib level 50%