As you can see we are going through a period of decision for the pair ADAUSD, after the SHOULDER HEAD SHOULDER pattern we wait the confirmation of the down trend, but if it gains power again due some fundamental factor, the price will go back to the previous top level.
Through our price action analysis, we can see the price of the Euro / Canadian dollar currency pair breaking an uptrend line.
As well as a downtrend for the Euro Dollar.
In order to take advantage of the gold price accumulation, I have plotted here on the chart some opportunities for day-trade and swing-trade on this pair.
We will follow the pair to take the best decision, always trading with good und safe risk management in mind.
For the Gold, we see a good opportunity to trade it Long since we saw the beginning of a new tendence (Top over Top)
Entry Point 1455,33 US$ and target with +65 Pips, Stop loss under the last
Looking at some opportunities for the USD JPY, we can see a possible bottom retest on the 104.75 Region, after the breakout the target was projected for 75 pips
As we can see on the chart after the bitcoin high last week, we expect a new correction but if the breakout of the 12100 comes, another positive week will be expected.
Good Trade :)
After a significant top, the pair loses some strength with the formation of a pullback, and the bearish channel with the price testing the trendlines.
Waiting for the break-out for a Long position.
After a week of the yen showing your potential, we see only an opportunity in case the pair comes back a bit in order to increase the price and we evaluate a possible entry in a sold position.
According to the British political scene with the postponement of brexit, there is an expectation for the bullish side of the pound, but still looking for the news.