On the GBPUSD 4 Hour chart, there are multiple indications that there will be a bullish move soon.
1) There is a bullish 3-Drives pattern. Price should move higher to at least the 38.2% Fibonacci level.
2) There is a trendline which has acted as resistance and tested multiple times. It is likely to attract price and be tested again.
3) Stochastic (default...
GBPUSD has fallen down to strong support on the daily TF near 1.2434
There is a prior horizontal resistance level which is now support. Also, price is at trend line support which is likely to hold. There is a confluence of support at the current price level. So a move higher is very probable.
TP will be at the prior top at 1.2675 (241 pips)
SL below the nearest...
The monthly chart on XAUUSD shows a great BULLISH setup.
A horizontal support level around the $1955 has been broke and confirmed.
Also, a descending trendline support has been broke and confirmed.
Price is currently retracing down and re-testing near prior support which is expected to hold. This is an excellent trading opportunity with low risk and high...
