an interesting thing I have noticed on Gold.
after each and every bear impulse that we have recently seen,
pullback lasts until 618 retracement of an impulse leg.
how it can help us?
if the market continues following this rule,
we will see bearish continuation and new lower low.
with 1260 target level.
for those who missed selling opportunity from a higher level on eurusd
I have another potential trade:
we have a completed h&s pattern with a wide neckline around 1.118.
if bears break this level, for us it is a good chance to catch a movement to 1.113 market low,
with potential continuation to lower levels.
market is entering a significant support area around 0.69 level.
D point of a harmonic bullish abcd pattern lies perfectly inside this zone.
most likely the market will bounce up to 0.7 - significant resistance level.
0.705 is a very good level for the second target.