As we can see here GBPNZD reached our ressistance, broke above then already came nicelly to retest the area.
scaling to 2H TF you can spot a double bottom that has been formed at the support area(Previous Ressitance).
i will wait on market opening the pair to reach the 55% of fibbonaci to enter Longs.
GU had a huge run to upside very fast, buyers took control of the market.
as for now GU showed no rejection.
However wee see movement within a chanel as pointed out that has been respected many times.
before the closing of the markets on friday we got 4TH touch on the respected trendline and the pair showed a strong bearish momentum.
i am gonna wait...
here we have NZDCHF moving withing a chanel.
trendlines have been respected and also the pair is sitting on 1D TF ressistance.
in 1H TF buy tried to push the price up to broke the ressistance area but they didnt succeed and a bearish candle has been formed.
this could indicates that the sellers are taking control, i will wait for market opening to...
Gold has been spiked down and up very quickly in 1 day.
we see a respected support area as pointed on the chart.
we have 2 touches already and also a Descending triangle has been formed.
We are waiting how the price reacts on the support area and will look for a buy or a sell , depends on if the area is going to be respected or not.
we see that gold is currently at a strong level of support and brake it below.
also wee see a bullish candlestick that has been formed.. this could indicates a retest of the area and then a movement to the downside.(Short)
second case.. buyers will take control price will go up then comes back for the retest (LONG)
we see this pair moving within a chanel..
currently sitting at a strong ressistance area... we also got the breakout of the area and also the retest later on.
after those 2 confiirmations i expecting now that the price will go down.