Gold Spot closed below the Resistance levels of 1324.87,so we have a good opportunity to go Short, below 1313 Levels, first target 100Pips, second Target 150Pips with stops @50Pips. 1/3 Risk Reward Ratio. Gold Spot has been on an Uptrend for a while with respect to Us and China Trade Wars, we can definitely take advantage on NFP this coming Friday to push down USD...
Looking Forward to Buying @Market Price With Our First Target @109.668, Second Target @110.584, Risking 2% on the Stop Level. CHFJPY closed above the Resistance Trendline, with the D1 Candle forming a Bullish Engulfing, confirming the Trend to the Upside.
With Respect to USD Quotes Opportunities, we can Correlate all USD Pairs with the Index, which means when the Index is on a Downtrend, then surely ___xxUSD Quotes are on an Uptrend. so we have an opportunity to sell DXY as soon as it completes the Double top Chart pattern, rejecting from Resistance level, 0.0 Fib Level on 98.334, Purple Zone.
GBPNZD Closed above the Support Trendline, completing the 3 Touch Rule from the Origin Point, 0.0 Fib Level. We can Buy Above 1.95856 levels, First Target: 1.99787, Stop Level: 1.93018. So we will take advantage of the price rejection and go Long
USDZAR Formed a Rising Wedge on the Daily Time Frame, and with the Trendlines, we picked up Elliot Impulse Wave, with O being our Origin Point, we have a great opportunity to Short this pair, as soon as it breaks the Rising wedge Chart Pattern.
EURUSD has been on a Downtrend for a while after it rejected the Resistance Trendline for past 3 weeks, and it has been ranging between the Channel, i'm expecting EURUSD to test the levels of 1.11170, 0 Fib Level, which will form a Double Bottom Pattern and change direction towards the upside. The 5th Elliot Impulse wave will complete the Trend on 0 Fib Level
Using the XABCD Pattern, we can distinguish our 5 leg movement, which the last leg movement will begin at point D to complete the pattern. Rejection on the Supporting Trendline will gives us a fantastic opportunity to go long, so we can take an advantage of going long on the price rejection level with a Limit Order, Applying Risk Management.