::: Daily Chart
From the technical point of view, the chart indicates a Cup and Handle pattern for the currency pair which could extend towards the price 1.16000 (profit) giving entry point (1.3519) and stop loss (1.13100), it is a vital to allow fundamental analysis take effect while trading this opportunity for a long run.
Kindly comment to point out any...
XAUUSD appears to have a Round Bottom pattern with a divergence building up for possible reversal to the down side of the market price or at most 1600 area, there are two possible rejection entries (1919 and 1793) and given the prevailing risk sentiments (COVID-19) threatening the easing of lockdown and activities restarting in Europe and US, there...
After successfully completing the motive phase of the Elliot wave, a correction is building up at the the retest of the price Entry - 0.90600, SL - 0.90751 and the TP - 0.90085. This should be in line with the news coming up for the performance index of EUR on Tuesday.
Comments about this idea or counter ideas are welcomed.