Gold has built up bullish momentum on 1h ahead of the weekend and wick has pierced resistance level. Failed to break back in with strength on 15m. Tight 3:1 RRR
The Pound vs. Yen is stuck in a descending broadening channel. As we can see, price was rejected by that area of supply (around the 138.900 psychological level) and looks like it wants to head back into that support level of 133.950. If we can get a rejection of that previous support level, it shall form a double bottom and break July 19th's descending trend line...
Triangulo ascendente en diario. En 4h con ayuda de la noticia llego más rápido de lo que se esperaba a esa zona de trendline, trazando retroceso de fibonacci del punto mas alto bajista, veo que la zona del 61.8% coincide con ese soporte marcado por lo cual esperaría a que llegue a la linea y trendline diaria la cual por el momento no ha sido testeada desde el 3 de...
112.831 is a retest zone and support zone of previous zones ..trend-line was broken, so i see a retest at 112.831 then Elliot wave 3 begins its spike upwards to 113.431 should be our 1st take profit and 113.989 should be our second take profit....
Please , wait for a clear breakout, it can bounce again ..
its sell stop :) Don't forget to breakeven and respect your money management PLS !
i really like this pair because it can make BIG candles on daily timeframe, its the reason why you must keep an eye on it ! So please copy my markups and take position by yourself !
Be careful i saw a Bearish H&S on WEEKLY timeframe ! So, momentum seems like bullish but bearish for longterm ... :)