Hello friends,
I have previously announced the long-term analysis of the global gold market in higher time frames. I recommend that if you haven't seen that chart, be sure to take a look.
However, in this time frame, we can take short-term trading opportunities with a scalping approach and risk for logical rewards. I have identified two positions for you.
It is...
The EURAUD pair is now approaching a local support zone on the 4HR time frame and we are expecting it bounce back up. In addition to that, the 1-5 Elliot wave structure shows that the pair is at its fifth up-trending wave. As it is apparent from the targets, we are expecting the pair to breakout of the descending channel and towards the goals. Take this trade if...
