We got a bearish wedge and a 382 retracement from previous leg down. We also have a bounce on the pivot point. Let's see if we can get a nice breakout and some divergence that would confirm the sell. An ADX cross would also had to the bearish momentum confirmation.
We have just bounced off a resistance zone at around 1.14 as well as broken out of a bearish wedge. If we cross the 1.12300 zone we could have a safe short for a while.
Trade at your own risk, this is just an idea.
Gold seems to be in a bearish wedge, once we break the wedge and cross 1258 support level, we could be heading down to the 1230 levels. An ADX cross would be a good confirmation of the bears momentum.
This is just an idea, trade at your own risk.
Just began a bounce from the .618 retracement from previous C-D leg. We could see a rise to a 1.272 level for a hit on the upper channel trend line. Will look for solid confirmations on smaller time frames.
This is just an idea, always follow what you think is correct.