Gbpusd is showing a buy idea but decided to retrace. Gbpusd still obeys the Fibonacci rule. Tp is set on resistance 1..
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Looking at a uptrend on the DAX30 CHART.
DAX30 is gaining momentum following the recent heavy downtrend during the COVID-19 issue.
At the current price level, we've got a bearish. Expecting the downtrend to move to fibo 61 before a bullish movement...
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As shown on the chart, Eurusd hit it's top trendline and a reversal is shown. Eurusd would sell to the first support(as analysed). It either hit 1st support and rise up to the top trendline or breaks support and head down to the second support. We're in for a long sell EURUSD
XAUSD is in a swing chart diagram.
I estimate 1733 as the resistance before swinging back to it's sell. At 1733, it's on Fibonacci 50, so a reversal is expected. TP 1 is estimated at 1713 as that shows us a support. And TP 2 is at 1695 and also a 2nd support
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Having missed a buy reversal, Eurusd has present another buy. On the 4hr chart, it's on resistance, and using technical analysis, there is an ascending Triangle.
So we wait for a retest and buy when retracing back to it's buy trend.
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