From a technical point of view, EU has come to an end of wave 5, lower timeframe shows price accumulation around that zone (1.0906), now according to the market cycle theory-markup follows shortly after accumulation, the idea is EU will pullback and retest 61.8%fib.
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Good Day Investors
Today we look at long term investment on gold. Gold broke 1523.80 support around April of 2013 and today we looking at a complete retest of that breakout. gold could give us a potential drop further south 1043.18, for more dimensional views, I'll post a weekly chart straight after this.
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Good Day Traders
With Brixit and interest rates messing up our GBP setups, thats over now. we have a look at GA for future investments with returns. the idea is to sell from 61.8%fib/rt.
Around .618 watch price action lower time frame for entry.
Preferably use of limit orders
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Good day everyone
This is an update of an earlier publication, please check below there's a link for related idea. with Brixit coming to an end, there a chance that the quotes will go down and the GBP interest rate will most likely go up.
*Long-term timeframes show downtrend with monthly correction.
*Weekly and daily timeframes (medium-term) show an...
Could this be the future GBPCHF? price is currently in accumulation, will there be a markup (north) or will it break 38.2% rt. and head further south? and what if we are entering the 3rd wave from the bigger picture? 2-3....... lets find out