I'm expecting Gold to keep pushing up from where it is now, but it first needs to pullback to a minor level of support.
After the breakout of the falling wedge, I'm expecting GBPUSD to keep pushing up until it reaches that market gap.
As Gold goes down, XXXJPY goes up. Here in EURJPY, we see a clear break of structure on the 1H and a retest around the 50% level, inline with the previous resistance.
Heads and shoulders on the bigger picture. Price broke out of the channel and retested it, forming a rising wedge. Price also broke this wedge so I'm expecting Gold to reach the base of that wedge. The next target will be the base of the channel.
I'm expecting a pullback on DXY and bullishness on Gold. Several JPY pairs are also looking bearish so I'm going short on this one.
JPY pairs looking bearish. Gold broke structure and is now retesting. Expecting this to reach higher heights.
Expecting a pullback on EURUSD on the Daily after completing its D legs on the -27% fibonacci retracement. I was expecting a reversal around this level and on the lower time frame, it broke structure and is now forming a reverse heads and shoulders.
Seeing bullishness across JPY pairs so I have a strong belief that Gold will do down
Expecting EURJPY to go bullish. On the larger time frame (DAILY), price made a massive push down lower, so now I'm expecting a retracement on this pair. On the lower time frame, I see a 4H reverse heads and shoulders. I expect price to reverse at this level and come up and tap the 50%-61.8% zone of the Daily retracement.
USDCAD Sell Limit/Market Execution: Entry: 1.31511 SL: 1.31712 (20 pips) TP 1: 1.31305 TP 2: 1.31175 TP 3: 1.31026 TP 4: 1.30838 TP 5: 1.30669
Price broke through trendline and is currently on a sideways market. Expecting price to drop to 108.05.
Going long on EURUSD, expecting price to push up all the way to the level of 1.1400. Stops will be placed a couple pips below the previous swing point, with a 50 pip stop loss. This trade may take several days or weeks.
Going long on Gold. Targets and Stops are set in the chart above.