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Yes we broke out of the falling wedge ! but we are unable to break 4100 with volume wich is quite normal since we are in the weekend...
This type of shake out are typical with eth
My target would be
1TP: 3900
2TP: 3600
this is my idea on gold
i took a short buy until i get to the third touch on the resistance to then short the gold
have a good day
make shure to follow & share xxx
gbp/usd is forming a beautiful flag on the 1D
i want to profit on the wave continuation
I don't know if it will break so ill take a short short position as you can see on the chart
so like you know guys I keep it simple
just wait for a simple pattern formation
as you can see we were denied twice in the demand zone so we need to recharge
Have a nice Sunday
Here are my thoughts on xauusd
So last week we were able to see a double top pattern.
Gold was slightly overbought on the rsi
So that means we will have a little retraceme
Thill +- 1490 from there on it should go back too 1500-1510-1526 the ultimate goal is above 1550 but let’s take those ones first
Have a good day :)
Make shure to give me ur opinion :)
gbp/jpy is overbought for the moment so a slight pullback to 128 (might be sooner than 128 will need to check the rsi when te markets are open) is possible to then go back down to the 125 area
have a nice dayyyyyy