I'm slightly bullish on this pair as long as this 1.04500 level holds.
Wait for the today candle close. If it ends with bullish closed, watch out for buying opportunity in any pullback tomorrow, targeting the major resistance up near 1.07500 level and take note of the minor trouble area near at 1.06000 level and RBNZ rate decision this week.
Trade safe!!
Like...
Small H&S pattern was spotted on H4 time frame.
Watch out for any buying opportunity in any pullback to join this bullish momentum, targeting resistance up near 1.68000 level.
Trade safe!!
My view is in the chart.
Watch out for the strong bearish price action at resistance zone(1.11300 - 1.11600).
Please remember that today is NFP day and so expect a high volatility of the market during NFP.
Trade safe & Good luck!!
I'm slightly bullish on this market.
Wait for today candle close. If it closed with strong bullish candle, look for opportunities to go long.
If not, wait from the major support level (44.00) which coincides with 0.618 Fibo retrace level.
The overall bigger picture is in the making of H&S pattern and will only be confirmed if the price closed decisively above...
Gold has broken last year's high and made a higher high in July 2016 and confirmed that a new uptrend is in the making. Since then, it has been in corrective mode.
Volume Aspect
When price broke out of the multi-years wedge pattern and goes up, volume also increases.
When price pulls back, volume slows down.
So rising price with rising volume validates the...
