Joaoalbuquerque

Joaoalbuquerque

EG broke out of the weekly chart wedge and went north however no confirmation was made upon breaking out therefore it could still be a false breakout and a re-test of the wedge trendline will determine direction... if we hit 8280 and we get a bounce 8450 is on the way..... Possible trade with a buy limit at 0.8280 with a stop loss at 0.8233 with the first target...

Joaoalbuquerque

We broke out of the daily chart wedge that should display a really bullish market however market is doing divergence to the down side so plenty of sellers expected at 50% fib around 9200 and a correction is expected and a further re-test of the trendline and 9100 is almost certain...