Here is why the 1770 is so important. Long term uptrend Pitchfork channel Median Line and couple of months without a breakout above. New buying opportunities will arise on a pullback to 1700.
In this short video you will see how you can get to key trading levels in uder 10 minutes using top-down multi time frame analysis. DAX is consolidating before a larger move
We are sure that much of us missed a perfect long trade entry in AAPL but we should not miss a good short trade entry in this stock and possibly the whole stock market
EURUSD is on hold by a well known long-term resistance zone 1.13500-1.13800. We need to wait for the next day's clarification of price action to take a higher probability trades.
As EURUSD is continuing higher after the bounce off the support all the other EUR pairs are getting interested for the long trades
EURGBP is bouncing nice off the support and could give us 150-200 pips as long as it is above the 0.8970. Retrace after the swing down seems to be in terminal phase and GBPUSD could push lower faster than EUR.
On the monthly chart you can find a reason why GBPUSD is rejected from near 1.3000 and is extending lower. A break below 1.2460 marked an important downside continuation point near-term
Gold is facing a key moment as it is testing the median line of a long-term Pitchfork channel. We couls see a pullback from here, and a clear confrimed breakout above 1760 is required for the upside continuation.