Cable is likea runaway train right now. Price continues lower without an answer.
the price broke support at 1.2772,
and we are ending Friday with new the lows.
This all looks fairly bad for cable right now!
The extended decline this week fits a third wave scenario.
If wave 'iii' of (iii) is now underway,
then the declines should continue early next week,
NZDUSD Double bottom and channel breakout to respect monthly key price of 0.69000 Taking a position long here. 1:2 Risk Reward ratio. Looking to capitalising on this today ready for the Employment and Unemployment news at 10:45. Hope you all enjoy.
AUDNZD Analyses based of the data release, and trendline breakout and retest. Kiwi $ has, the 1st quarter data release for Employment and Unemployment rate. As we know these effect the market drastically and the forecast is predicting an increase in Employment rate and a decrease in Unemployment rate which back the technical analyses I have set up.
Gold looking interesting should we get the desired pullback to test former structure $1280.57 which is right in the middle of the 0.50% - 0.618% fib retracement, this could be a reversal zone before we push to the upside and possibly test our TL once again.
After breaking through support floor 74.740 we had a push to the downside which see us stall at around 73.827 (prior swing low) and begin a retracement, if price pulls back to 74.740 then this could present a great short opportunity, 0.50% fib lines up with 74.740 to the pip in which im using as additional confluence
Here you can see it clearer on the 4H it's entered the buy zone based off the 50% correction of previous lower low. There is also an inverted hammer on the 4H and now the Daily that has formed which has indicated that price action is pointing towards a breakdown in the bearish momentum. I would suggest entering this trade at 0.70321 also would hope for a crossover...