Seems to me that Gold has completed my prediction of head and shoulders, even in a slightly different angle. Considering the fact that is heavily overbought I am thinking that it's going to drop in the next couple of days, will confirm my signal after the news tomorrow.
Ok, so I am expecting a 200 + pip trade in the next couple of days (next week). Few reasons to go short.
1. If we look at the daily candles there were multiple shooting star candlesticks, but all of them couldn't break because the EXY was waiting for the news today.
2. The news came as expected which gave EUR some strenght, BUT as we can see on the daily chart, we...
Ok, so I expected the bullish move due to the breakout of the cup+handle pattern, but it went a bit out of control - should've stopped earlier, but again, banks got to make a living. Personally I have placed a trade with 100 pips stop loss for 900 pips profit, but will see how it goes.
RSI is way overbought on hourly, 4h and daily.
Williams is indicating...
Hello everybody, I decided to go in deep with this pair, due to his high volatility in the 1000+ pips bear move so far.
Few signals that it will go up for 1200+ pips move - IT WILL TAKE TIME!
1. Using the GAN SQUARE, I was able to determine that around every period +-2 days there has always been a reversal - checked last 3 years. At the moment we are at the end...