Gold will make new all time high. …....................................................................... …....................................................................... ….......................................................................
A head and shoulders pattern has formed on GBPUSD 4hour chart.
A head and shoulders pattern is forming on GBPUSD 1hour / 4hour chart.
EUR/CAD is flirting with the 1.5200 major psychological handle, which is just above a rising trend line that hasn’t been broken since the start of the year. I'll go long if a bullish candle open and close above the trend line.
The hourly chart shows the GBP/USD pair has created a pennant pattern - a bearish continuation pattern, meaning a downside break would open the doors to 1.30 (psychological level). An upside break would abort the immediate bearish outlook. I'm already short on this pair. Sold at 1.32010. If you like this trade idea, please give it a thumbs up. Thanks.
Watch out the Economic events Go long if price reaches the D point. For now you can go short. Make sure to practice proper risk management.
Go long if price touches the D point. Make sure to practice proper risk management.