Gold/EUR
EURGBP About to start the next move up - As it breaks out of its flag formation we can look long on a break of the 200EMA
Its a game of Cat & Mouse between the Bull & Bears but my Bias is UP.
Break of Trend & Retest complete.
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Its important to note that EURCAD stopped for the week in a very interesting area. An area with Bullish confirmations.
Once again the ECB is challenged with managing market expectations, while at the same time assuaging concerns within the governing council that the prospective tightening profile (if we can call it that) is starting to lag the growth seen (on average) in the region. Emphasis is being placed on the possible wording on the easing bias, which naturally is hard to...
Multiple areas of support beneath price make the short look as tempting as eating raw chicken.
Incomplete H&S Formation on the 1HR - looking for a strong down-move, potentially a weekly 1300 - 2000 pip trade.
Price failed at the ATH with RSI Uptrend Broken, looks like a potential M Formation.
Crab within Bearish 3 Drives Formation. D point against a very Bearish Daily support Line & 61.8% of Daily Uptrend Break.