GJ is failing to break 151.300 level which is in confluence with previous resistance and the 50% fib. retracement level taking from the high 153.350 Also, the stochastic is indicating over bought. fundamentally with the japan retail sales printing 5.2% greater than the forecast 4.9% this morning A drop 149.500 is likely to be possible. REMEMBER WAIT PATIENTLY FOR...
market is currently consolidating and respecting the 1742 key level so I am anticipating a drop for gold given that price have broke and retested the ascending channel and also formed downward market structure on H1 inside the consolidation
market is currently retracing so I am anticipating for a drop after price hit the weekly key level 0.76700 which is in confluence with the 61.8% fib level taken from the previous high so my short entry will be based on market structure/chart pattern or candle pattern that will indicate short at the weekly key level zone
Currently in profit nice inverse head and shoulder spotted
price is trapped in range support : 139.500 resistance : 141.200 so I will be short on this trade if the the 30 minutes key levels 149.956 is broken and retested with TP 1 = 140.345 TP 2 = 139.500 Otherwise I will not trade this pair this week
EU have been on an ascending channel in the 4h time frame so I will only be looking for a buy trade on 4h chart I identify two major resistance which are not that significant on this bias there are R1 =1.22091 R2= 1.21702 on 1h chart I identify a significant resistance turn support which is 1.22406 price is more likely to retrace mostly at 0.382 fib level...
guy this is my view on EURUSD reply on what you think