gold looking to the downside (short) after the head and shoulders pattern, now we can wait for 50% pullnack in to the fibonacci retracement and resisance levels, and then we can go short for 1413, can go lower as well! i will post update
EURGBP trend following to the down side (short)
price broke support level, now the market is on a retest of the broken support level and also 50% fibonacci level, and at the same time trendline 3 touch! you can go short with your own risk ! :)
the take profit targets will be around 0.86745 - 0.86523
the stop loss will be around 0.89784
EURCAD has been weak, is in a down trend and broke previous level of support, and now it is in a pullback, also price is in fibonacci levels, you can go short from now or wait for the price to break the new level of support and then go short with your own risk :)
take profit targets will be around 1.43489
stop loss will be around 1.45145
The market is in the process of creating a "W". in 2017 the market has came down to this same key level and risen up and we are back here again, looks like its starting a new trend ... bullish trend. For safety will go Long to the top of the trend line and we'll see what the market will do.
The pair is currently forming a Bearish Head & Shoulders Pattern. If we get a breakdown of the Neckline, we can expect the price to fall. The 1st target on breakdown will be close to point D. If we do get a breakdown as expected, we can have couple of opposite trades on same pair as it looks like the pair is also within the formation of a Bullish Cypher.
Price is compressing in a triangle pattern, volumes are decreasing meaning that we are almost ready for the breakout.
RSI shows a downtrend and the continuation or breakout of that dynamic resistance, with high volumes, may be the hints we are looking for.
RSI continuation of the downtrend and breakout of the price downwards.