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GBPCHF has a great opportunity for next to short down to 1.18500. The GBP continues to weaken as the safe haven CHF grows strength on global trade tension. We have breached a key support and are looking to go lower.
BTCUSD buyers are in for a rough ride, but the last set support at 7,500 can relieve some of the pressure they are feeling. However, if this support fails, BTC will tumble to 6,000 and then possibly 3,300 by year end.
A nice long setup can be in store for us if we wait for the right entry. We need this closure to be bullish to signal a further move up. A failure to close bullish above 1.25100, will negate the setup.
Gold is at an interesting spot right now. We could have a great high probability short if we can get a closure below 1502. Our target is 1490, with profits taken every 30 or so pips on the way there. We will only enter, if we get that closure.
A nice (3rd) touch on the top trendline of a descending channel. Although, fundamentally the Dollar is in a tough spot. Both the European Union and the US are being affected heavily by the current trade war. It all depends on who is going to get the short end of the stick between the two.