Cable is going to 1.3100 which is 38.2% retracement of (1.5 - 1.19) then it will resume its way down.
we have 2 trades:
Long GBPUSD at 1.2710 Take profit 1.3090 Stop 1.2500
Short GBPUSD at 1.3090 Take Profit 1.2350 Stop 1.3350
GOLD is trading in a bearish channel and it broke its weekly moving averages, it is heading down.
recommended trades are:
Short XAUUSD at 1180 Take profit 735 Stop 1380
Buy PUT on gold strike 1000$ 6 months maturity, it costs peanuts (few 100's) and worth tens of thousands once 1000$ is broken down.
enjoy the ...
Trade: Long GBPUSD at 1.2420 Take profit: 1.2505 Stop 1.2355
we have seen a retest of 1.2360 level and strong rebound from that level, which open the door for further upside to test the previous daily high.
probability of this trade is 95% enjoy the profit.