Continuation to the uptrend, the trendline touch resulted in a 350 pips drop.
The weekly timeframe shows that the market is recovering from a major descending trendline touch.
Will wait for a break and retest of the descending trendline.
UJ has been in a strong uptrend for a while, as predicted in my previous idea.
The price is currently ranging in a bullish flag and we can expect to break to the upside.
Possible entries would be around the retest of that break.
The price has been in a downtrend sice covid, it clearly has broken the trend as it starting to make higher highs and higher lows.
Let's see if it'll break the 105.00 mark first (today) and the 106.00 level subsequently for a confirmation of trend reversal
The cable has been in an uptrend since October, starting from the 1.27 area and is currently approaching the 1.40 resistance which was last crossed at the beginning of 2018.
On this chart the EMA acts as a dynamic support.
All I can say is that it'll be interesting to look at the pound over the next few days.
Gold is in a correction structure on the 15 minutes timeframe which could be broken during London and Ny sessions in a few hours.
A bullish break will bring back the price around the 1850 resistance.
A bearish break will bring the price down to the 1800 mark.
Do you think it'll go bullish or bearish?
Continuation of the downtrend, the dynamic support of the triangle on daily tf was broken and has now been retested.
First entry could be on the break of that small ascending trendline on 15 minutes tf (break of correction)
If that fails, the second entry should be around the 1800 area as long as a clear rejection occurs.
Target could be anywhere between the...