GBPUSD has all the perfect reasons to make a sharp move down. From here I will look only for short entry setups on a smaller time frame and ignore any move up.
SELL from 1.2810 with SL 1.2900 and TP 1.2700, 1.2600
GOLD is in Strongest Resistance Level Ever and going for long down. the reason behind this is COVID-19 Pandemic. If there is any crisis, gold always go bullish like it happened in January for IRAN-USA issue.
SELL GOLD AFTER MARKET OPEN
1. Strongest Resistance Level.
2. Overbought situation.
Here's an idea on the GBPJPY pair, the pair is currently trading in an ascending triangle within a bigger ascending channel on the D1 chart the ascending triangle could be a signal for continuation on the pair. looking for a continuation to the upside and for the ascending channel to hold and continuation with the bulls.
Buy after market open from Current...
Its difficult to say anything about GOLD. but, Now its a high opportunity to go for short sell on GOLD towards 1751. The SL should be 1819 and if 1819 breaks, it may lead gold to 1850 and 1880 as well.
Use proper Money Management.
EURUSD is looking for a dropping opportunity. Take Profit will be 1.1185 with SL 1.1375.
Considering Fundamental news, we can see last week ISM Non-Manufacturing PMI was good (57.1) and JOLTs Job Openings were 5.39m which was good as well. Therefore, we are expecting a drop on EURUSD
Forecasted interested rate is 0.25% which is same like it was for past three months. Today I am expecting the bank will keep the interest rate same as well and the GBPAUD will complete its final wave.
Sell GBPAUD now from Current Market Price with SL 1.8023 and TP can be 1.7690 or 1.7700
Right now, Gold is in a very very strong resistance level. It tried to break this level before but failed and we can see yesterday it tried three times as well, but failed!
We are looking for long term Sell.
1. Failed to break Resistance Level.
2. Created a Cypher Pattern.
3. Very good Risk: Reward Ratio (1:9)