the currency pair has been going down on the HT for some time, now its now in an oscillating range determing whether it will go long or short. price will move down to test lower prices.
price will continue rising until it reaches the trend line and is most likely to go down afterwards until it reaches the highlighted areas which is an area of rejection. so basically we are now looking for shorting opportunities.
looking to go short on eur/usd after the previous support levet has been retested. looking for some candlestick confirmation of the analysis. FX:EURUSD
there is a bearish flag formation, so we are looking to sell gold. after the break of that upward channel, gold will most likely reach that first zone, then make a pullback upwards. we will be looking to sell gold on the break of zone after the pullback(re-test). the 1st take profit level is where gold will be probably make a pullback.
