From the long term price movement, GBPUSD now is very close to the downtrend line 1.50, which is also the AB=CD finish point. we can buy here and close at 1.52, reach the up line sell it.
USDCAD is close related with USOIL, so the future trend may develop two forms, one is contiune to rise along the uptrend line, if the highest point not break, the other form may become double sholder, pay close attention to watch it.
As my opinion two days ago, consider about the EURO zone economy, perhaps the EURUSD bulls will need some time to adjust., buy current price maybe a purpose condition, when the pressure of uptrend line reached, sell it and see the red line support. Perhaps in 2016, the euro will be come into spring.
Now the pirce is very close to the uptrend line email@example.com, i trend to do long at this position, it is also the 0.786 of high and low recently.
But we also should pay attention to the breakway, if done, sell and expect more than one hundred pips to 0.68.
Driven by the US Non-Farm employment data, the uptrend line was broken, so now my opinion about GOLD is bearish.
But we also have a oppurtunity ot buy short-term at 1150-1155, and price maybe between the top uptrend line and buttom downtrend line.
The direction of USOIL is not clear, 4H the price is close to uptrend line, from the point of view of RSI under of 50, it is very likely to break the trend line, so we have two strategies.
Strategy 1: break the trend like, short it, SL 47, TP 44.5@ the under trend line.
Strategy 2: Non breaking trend line, thers is ...
A bullish AB=CD has been finished.
A potential cypher pattern can be expected.
RSI over sold;
There are indications that US Index and DJ Index have a bearish signal.
LONG ENTRY : 1.085-1.074 fifty-fifty.
SL : 1.04
TP1 : 1.1115, close a half.
TP2 : 1.134 close a half of another half
TP3 : 1.15.
1.Very nice ABC point has already done, potential D@123.322 of 0.618AD.
2.D is alos the strong resistance in last period.
3.Considering today's GDP data, to reach this positon is not impossible.
4.RSI will be overbought;
5.MACD gold cross under o axis.
Enrty postion: 123.322
Stop loss @ 124.5+, which I think it ...
We can long EURUSD at 1.08630, the conditions as follows:
1.Gartly pattern is still valid.
3.A structure of 27th-28th May.
4.RSI over sold.
5.MACD 4H deviation.
6.Downtrend line support.
Stop loss 1.078000, Target see 0.382AD@1.11866, 0.618AD@1.13876.
In day timeframe, USOIL may go to 42.
1. A BAT pattern, C point is 0.618+ AB.
3.Strong structure @42, see left.
4.A cross of downtrend line and horizon
1st target 0.382 of AB @ 47.2
stop loss is 40