Clearly gold overbought, and stocks increasing their momentum... I see this reversal patron high Risk Reward ratio.
Trend line still alive, as was violated yesterday...High Risk Reward entry covering the following technical artifacts: Bottom of flag Trend line Initial Momentum shown yesterday Point figure H1, H3, and H4 aligned, only H2 deverges but about to become bullish.
Bullish Trend line generates potential entries, in addition to a S&D zone.
Basic theory, flat wave ABC, then the last impulse 12345 wave.
Clear long after a long break out...Low volume ahead so quick movement is foreseen during next days.
Today I want to suggest a day trade, maybe a swing to be performed this week. Some divergences have been occurred in the last days within EURUSD prize and delta, Last night confirmation is here. Also a major TF trend line helps us. So using the TWO LEGS theory the proposal is there. We will see.
Ready to long after a nice correction as shown in M30....Objectives for today #1 1.1400, and #2 wait to 1.142500