as we see significant strength on GBP pair all around and Eur is week as pair to GBP we may have a nice long trade on this area look for your conformations criteria for a long entry . will update you soon on this pair again
GBPUSD, as we see, is in 1 and 4-hour consolidation currently we are at the bottom of the range I nice pin bar or a bullish engulfing candle at the bottom we can enter to trade it up to the ceiling of the range. if price break and close below the range line the trade is invalid for me.
Hope you guys can a nice move there.
usoil last week already tested the very important structure lows we can also have previous support in this same level very like in the coming 2 or 3 weeks we may can see a big bullish rally on usoil for me i need to see a double bottom or fib retracement of 618 of recent move or any sign of bullish moves before entering on this trade. we have very nice risk to...
Gold is on weekly high we can see on daily time frame range is getting tighter and tighter on 4hr iwi any break and close below the peanut will be a good signal for sell.
as well as RSI is showing divergence
Gold is a nice sell for next week but be careful with any trade which is associated with USD because next week is full of high impact news so careful with your trades.
1st arrow done is T.p
The 2nd arrow down is T.p 2
at daily we can see a nice flag we shows that maybe we don't have buyer pressure at weekly we can see a wedge I think that market may test the low of the wedge before reversing to upside or at least retest the low of the flag pattern. it may be a good idea to use put sell order below the low of flag pattern in case I price break it u may not miss the trade.