EURGBP is facing strong defeat of the bulls by the bears. The bullish traders seem to be slowly getting defeated by the traders who are already bearish on EURGBP and a decrease in momentum accompanied by the long upper wicks supports the Hypothesis. Anticipated it is a strong bearish movement.
AUD/USD on a daily chart timeframe, formed a Descending with which it then broke below the trendline a retest was made to confirm the entry/anticipated direction.
The GBPCHF has been trading Bearish ofr quite some time at this moment we are still looking for a last bearish shootdown approaching the support resistance on a daily chart.
Gold is currently on a high consolidation, forming a bearish triangle. Probations are that this may be the last high groove its forming within the triangle. Like the triangle pattern rule says "on a bearish triangle, there is a high probability of downside breakout", so we might be expecting a bearish trend within the triangle preceding to a units roughated to the...
EURJPY is somehow consolidating within a flag/pannet pattern. Currently its trading on the lower part of the Pannet thus leaving us with a bullish prediction, until it gets exhuastion on the bearish/resistance trendline.
Trading with no proper risk management, is gambling.
USDJPY seemingly is finding exhaustion on the 112.000 level, with the technical analysis also brought along this pair seems to give itself a bearish all the way to the bullish trendline probability can be that the trendline itself can be broken giving a strong bearish trending direction.
Trade responsibly, without calculated risk you are more or less Gambling.
Gold has been experiencing some strong support 1280 and 1275 level giving us some true being of being in a supply zone. Also it's within a triangle lodged on it's lower boarder thus giving us some confirmation on our upward anticipated direction.
1310 forecasted target
