GBPUSD broke bearish trendline with price also being rejected at key support level. waiting for a breakout of the consolidation and a retest to go long
shorting EU to 1.04526
audhf at strong resistance and price is showing rejection. also we have a break and reest of bullish trendline as confluence.
so cable broke the 0.618 fib support and heading to a key support level, the previous trendline is still valid price will probably make a double bottom and rally.
went long on eu @ 1.05080 target at 1.05984 which I believe is a potential area to take a nice short trade with 1:4 RR
will be looking for rallies to go short
took an sl on gold counter trend trade. will be staying neutral to watch reaction of price at the key levels a marked
gold finally broke out of the bullish channel after a nice short trade. now I am buying the retest.
Gbpusd currently on 0.618 fib retracement with price action showing price rejection on that level. will enter a long trade on break and retest of the bearish trendline.