A clear trend reversal looks to be taking place on GBPAUD. On the monthly time frame, the pair has failed to successfully breach the 0.5% retracement area, and it is evident by the deformed double top that a reversal is inbound. Two entries with two different take profits are required. One Tp for 1.86 and the other swinging even further down to 1.82. My entry for...
Gold's unusual formation currently is bearish due to the lower highs and and lower lows and I believe a short can be executed until 1401 where it intersects with the trendline as well as the .382 fib retracement level. This analysis is purely technical.
