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Looking at Gold there was a very corrective sideways movement that broke the 3 touch structure very correctively, missed out on the original shorting opportunity from the top.
There looks to be a lovely flag forming and developing very nicely, so looking for further shorting opportunities on gold!!
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Looking for some upside momentum on this pair, as we are just moving in a state of correction after a strong impulse to the upside. Lets see how it pans out
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Looking at how price is moving in a descending nature, price really could rally to the upside, but lets see how the NZD elections play out over night
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Taken a break even on this today, and the pattern is forever evolving, looking for a possible triple top before a sell-off, or a 3rd touch on the outer structure before a big sell-off. Let's wait and see what happens
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Noticed an ascending channel within this rising wedge on the lower time frame. Hopefully a lovely risk to reward on this one
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Looking at 2 possible reversal points on this pair, whether it be at the double bottom or we creep a bit lower before the reversal, but it's highly unlikely that price will sustain this corrective downside descending channel.
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Already have a short position opened on this pair, fully aware that could be taken out for a -1% loss so no biggy, i am though still very interested in shorting this pair, unless we get a major impulse to the upside which is looking less and less likely.
Lets see how it pans out over the course of...