If price will show reaction from 0.382 and we break 1.307 than we go down.
We hear different advices what to buy or sell, searching indicators, paying for useless videos. After some time, we throw away everything - open weekly chart, draw one line and see where we go.
We are in bull market - no doubts. Nevertheless Gold don't have enough moment to go upside. TL broken, if @1305 we broke also, then for sure we will retest 200 SMA @1260, what will give second opportiunity to buy cheaper then it is now.
Of course risky, because we are in bear market. What will you do if simply don't know where to put your next target, stop is too width and RR not acceptable?
AUDNZD we see how price react from TL. Nevertheles RR not aceptable for me. So i prefer probably miss this trade, will be waiting for correction.
We see res. 1.455-1.460 hold price above. This is give us idea of possible movement in next week upside.
Let's wait for price action before push buy or sell.
Idea GBPCAD. ABCD -> then strong short in a favour of trend.
What do you shoose? 1. TL correct? If yes, we will make LL. So long period in bearish trend, expected for all one more movement down. 2. TL correct? If yes, soon we will see 0,787. Conter trend trade, risky trade, nevertheless HH was made. What do you choose? :)
Expected one more movement down, before we will break TL.