a little bounce to form a double top is a great opportunity to short this pair and keep it for a long time.
also i love 261.8 % fib's.
keep an eye on this.
you can take the shorts from now since it tested the trend line.
Gold will try to break the weekly trend line. if it cannot than we are able to long this pair and aim for 1500.
guys, check 1st the price action and after long it and let's hope this trade will bring us the best profit.
OK Guys, let's see how the daily candle will act after testing the 61.8% fib and completing the Libra pattern.
price action is our key to enter this trade.
Set proper SL's "it should be below the previous low"
Good Morning World, followers & Students.
I wish you all a happy week of trading, success & moving forward.
let us talk about business:
As we can see here, USDNOK is forming the right shoulder, also reaching 61.8% fib "my favorite" :) Also a good resistance line is ready to reject the price.
Set your SL's above 8.33000 and hope for the best.