Uptrend looks like it will continue to 1900 mark!
Risk safe guys!
Using a 10 pip stop loss so very risky one if you see this now.
If you like what you see take a small risk!
Sellers failed to make lower lows failing to break structure.
Immense buying pressure towards the upside and can resume long term uptrend.
The only negative is there was a session break which was caused by London session which can indeed resume a temporary downtrend.
*RISK WHAT YOU CAN AFFORD TO LOSE*
Gold is a cruel mf, but a beautiful one if timed to perfection!
I checked this pair on the 4HR timeframe and we have upwards momentum. Buyers zone, we had a beautiful pullback on a smaller timeframe hinting an uptrend, but news last friday had a whip to the downside for abit.
Since the big news we had failure to carry on and break below new levels, we have now a 15 minute divergence as shown on the chart currently.
COULD be...
We have identified 2 spikes on the 15 min time-frame indicating sellers.
We could expect a small retracement resuming the uptrend, however at the moment it's a risky trade so i'm waiting for further data and confirmation to take the trade Long.
Still waiting for confirmation for the sell but all CAD pairs correlate as extremely strong.
Trend Pullback!
CAD news entering at 4PM @ Forex Factory
My first publish if this trade works in favour i will publish more, hopefully 1 a day.
