GBPUSD seems about to complete its sideways correction to resume bullish impulsive move on 4 hourly chart pattern. The minimum target on crossing of above channel is 1.5900 with view change and stop loss value below 1.5550.
Enjoy the ride !!
Gold @1094: It seems gold has almost completed or is about to complete a bullish head and shoulder formation on four hourly chart. If this assessment is correct then gold is bullish for 1125 with stop below 1089.
Good Luck !
Euro @ 1.0975 at the time of this post. Euro four hourly channel support read with two bullish candle pattern confirming views that currency is likely to remain bullish for short term for the target at 1.1090 and 1.1195 with stop below 1.0825.
Good Luck !!
Euro touched the channel boundary at 1.05 in March 2015 after which it moved in bullish consolation phase on monthly chart. Technically speaking it seems that currency is ready to break this phase and likely to start bullish trend soon. I think a long trade is logical for long term opportunity seeker with stop ...
It seems GBPUSD has completed its internal bearish correction per four hourly chart, The bearish correction is less likely to bring currency below the level of large size bullish candle. Therefore a long trade is logical for 1.6015, target worked out per trend line resistance level with stop below 1.5440.
Gold is likely to complete the last bearish leg on hourly chart to touch the support line at 1084 +/-, if the observation is correct then gold should not trade above 1098 decisively after this post, hence an opportunity to sell now for 1084.
A second trade for long position will emerge around 1084 to get ...