bhizasithole

bhizasithole

I have been stalking this for a while. Initially i had hoped it would have bounced off the 61.8% fib level but it only bounced off the 50% but it checked all the things i looked for in my trading plan like breaking the upwards trendline that it was on.

bhizasithole

I see a possible continuation on the USDACD but it will require some patience as i am waiting for it to break the resistance at 1.35090 area.

bhizasithole

The uptrend will continue up to around the Resistance around the 1.52000 area as i have already made 70+ pips just off this trade

bhizasithole

Will require some patience but if this resistance is broken i will wait for entry at retest

bhizasithole

Will be looking to short gold around the 50-61% fib levels but the trade is short term

bhizasithole

Once the rising wedge is broken on this index i see a short