Gold has broken out of the wedge and consolidation is forming. I am currently holding short.
My bias is still long. Any pull backs will be a good chance to go long.
my two scenarios for nzdcad.
I think eurgbp still has further upside but a pullback is expected.
I have entered long with SL just below the neckline. Good risk/reward trade.
Im looking to short USDCHF when it breaks the trendline.
Gold is currently oversold and due for a bounce. Looking for a long next week. Set a buy limit 1205-1210 with SL just below the trend line.
Silver is almost at the bottom. One more leg down and will give me an opportunity to buy with SL just below the trend line.
possible head and shoulder formation, currently holding a short and in profit but any retraces will give me another opportunity to short again.
Gold has broken out of the wedge.. good to short on the retrace.
NZDUSD looks like its about to drop down from the wedge. I would wait til the confirm breakout before I would enter short.