expect a retest of this level before going long¬¬
currently waiting for a pullback to the dynamic trend line before we go long on this pair.Thank you
who doesn't love a good old gold trade?
Open your eyes and look very closely at the chart. If you can't see anything just follow the following procedure: (i) Open your MT4/MT5 client terminal (ii) Withdraw all amount that is available. (iii) Look for other business ventures to invest in because trading is just not for you!
as you can see from the chart,everything clicks in just right. currently holding.
From the monthly time frame, we have nothing much. However as we go down to the weekly time frame, from the chart above we can see clearly that weekly candlestick closed above a strong dynamic resistance level and you know what that means.(BUYS!!) Expect a retest to this level and then buy at around 81.547
No further analysis as from the chart, if you know your trends, then this is simple as it gets. Expect to enter this trade on Wednesday after CPI release form both EUR and GBP.
As we expect EJ to go higher, why not enter, ride the wave and join the party as we go to the 121.000 zone. Currently, we are taking profits at around 118.300 then we wait for price action to re-enter long again. BUT be on the lookout for the brexit vote on 31st Oct.
The overall trend is down but before the market shifts momentum, we looking for scalping buys!!!1