Here is GBPCHF on the 4HR, price is currently been in a range for quite a while ... waiting for break to the upside or downside for long term directional bias
at lower time frames its looks like we could be coming for another bull run but after looking at 4 hour and 1 hour its looks like we could be
forming a head and shoulders. if we stay under 135.400 resistance i think we could see some downside. let me know what you think. This seems
to be the same for GBPUSD too!
So this is my GBP/USD Full analysis. i would have perfer to take the short position at the green trendline as shown, but wasnt on the chart at the time and did not have a alert set. as you can see we are in an OVERALL downtrend which you can see from weekly timeframes. we currently touched the top of my green trendline and made a huge wick (rejection...
GOLD CAME DOWN AFTER MAKING A NEW HIGH. HTTING MY DAILY SUPPORT OF 1721. BUY ORDER WAS SET AND TRIGGERED. WE ARE NOW IN PROFIT SO FAR. LOOKING FOR BIG HIGHS OF 1794 IN THE UP COMING WEEK OR SO. MAYBE A LITTLE PULL BACK TOO THE 1720 COULD HAPPEN AGAIN TOO TOUCH OUR TRENDLINE. IN WHICH CASE IF THE CONFIRMATIONS ARE RIGHT I WILL BE TAKING A SECOND LONG POSITION.
