A simple break out of the downtrend in audchf with a retest
Also keep in mind if the TP reaches it will be creating an inverse Head and shoulders which can push us higher longer term.
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GBPCAD, has printed an inverted head and shoulders in the daily time frame. at the moment we are sitting at the neckline,1.6895. if we manage to breach the neckline it would be one of the leading for a long run, still have to wait for a retouch and support.
Gold is in a long term range which is creating lower highs in the weekly time frame. The trend at the moment is coming down from the supply zone at the price 1344. For that it influences me to maintaining on a bearish side, at the moment i being rejected at previous support now being resistance and also sitting at the 50% fib level. Also broke of the support line...
NZDJPY is sitting at support, looking at the daily Time fame it looks like a nice rejection. I would wait for the daily candle of Monday to close 10/23 as a bull candle to confirm the long. If the support is broken this is no longer a valid position
USCAD broke off the uptrend, now all we have to do is wait for a retest of the uptrend and rejection. A good rejection of the 38% fib level would be a good entry point. Higher time frames are still showing a bear sentiment.
Gold seems to have reached high prices of 1369.84 but wasn't able to break that resistance level. after touching that price it bounced up and down for weeks forming a consolidation before dropping to 1123.83 forming a leg of a of elliots wave as you can see in the picture. it retraced to 1260.00 but only forming a LH. if the uptrend of wave 2 is broken there will...