If we see the breaking of the consistent trend line we could be in for some huge wins. Then again we would have to waiting to see how this candle closes. if it closes above I am sure t will follow the trend line but it being like this for sometimes we could go for the long position.
Could this be a fake-out, could se see the EU drop back in to the triangle and perform a breakout on the bullish trend line? Entering shorts, and holding up at the trend line level. We are currently at key resistance zone.
Another pair we got our eyes on today, could we see a push on the long position, or a breaking of the long bullish run? If this candle closes above the support zone marked on the graph, I believe going or the Long would be best till it reaches the resistance zone placed at the top. Remember to risk well when placing trades.
We could possibly see GOLD shoot past our zone of resistance at 1413.7, there is a crossing of the moving averages which usually means a change in the market and the bulls look like they're in the game. We will be scalping the pair up for about 30-50pips and then see if we can scalp our way down.
Remember to always apply risk when taking trades and be sure to...