Hi guys, this pair has formed a pennant and we are just waiting for the 3rd touch at the top of the pattern, as soon as we get confirmation we will load our sell orders. Cheers and use good risk management.
London session for me is popularly known for deeper retracements and market manipulation as seen by this pair, the retracement was deeper but there is always positives because we have been presented with an opportunity to buy the lows. If you like the analysis please drop the comment and press the like button.
Currently Gold has created a trend reversal pattern which is a signal for a new trend. I will wait for the break out of the channel , retest then I will enter my buy orders. Let me know what you think in the comments below.