The Nasqad is currently in an uptrend it recently broke through its previous high and we are waiting for a retest of the area for a further push to the upside.
Donate Coins To Support the channel and backtesting.
Gold over the last few weeks managed to rally up to $2000 dollar price value. At the moment Gold is in a downtrend meaning we can capitalize on the move down. Looking for a 1:4 Risk Reward ratio as shown. The Head and Shoulders pattern shown is setting up for a break and retest of the support so will wait for Gold to break through then retest for a further move...
The Pound has rallied up over the last few weeks but a the moment we are seeing a double top formation and the wicks on the candlesticks suggest so. So I expect the Pound to pull back and maybe we could be looking at a break of the double top next week as the US economy is in a recession.
