BREAK OF A MAJOR UPTREND + RETEST, GOOD RISK/REWARD RATIO.
THIS IS A LONG TERM TRADE IDEA, GOLD IS IN A STRONG SUPPORT AREA : MORE DEMAND WHICH WILL LEAD TO A STRONG BULLISH MOMENTUM THAT MAY BREAK THE RESISTANCE. RETEST AND FLY. OTHERWISE: IF IT BROKE THE SUPPORT WE MIGHT SEE 1800!!
CADCHF BROKE DOWN THE CHANNEL AND RETESTED IT, LET THE BEARISH TREND TAKE YOU TO 0.67500!
WE MIGHT SEE A BOUNCE ON THAT SUPPORT LEVEL, WAIT FOR PRICE ACTION.
FACING A STRONG RESISTANT, SHORT OPPORTUNITY WITH GOOD RISK/REWARD RATIO.
Potential sell on gold with good risk/reward ratio.
WHY? H&S + DOUBLE BOTTOM IN A STRONG SUPPORT AREA + UPTREND BONUS: TREND IS YOUR FRIEND
WAIT FOR A CONFIRMATION, IT MAY BREAK THE SUPPORT AND BECAME AN INVALID TRADE.
EURUSD NEXT MOVE PREDICTION, POST YOUR IDEAS IN COMMENTS. 👌🏻
ZW REACHED A STRONG RESISTANCE, I EXPECT IT TO GO DOWN IN THE NEXT WEEK. YOUR THOUGHTS?
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Wait for breakout to enter this trade, would like to see yours on comments!