GBPJPY what's the trend ?well here we have a good strong resistance point for the sell momentum so we'll wait if it able to breakout
and if it is will wait for retest and take a sell entry and same with buy we have to wait to sustain it above the resistance line and retest and once it done then which will be a support line for the buy entry .
Comex
EURUSD upcoming move we have 2 possibilities and have to be patience and once t reach the point only we'll take the trade for the sell entry, it has to retrace till my point, and once it touches and sustains below this then we'll take sell entry and like same for the buy trade we have to wait for the point and wait for the retracement till our point and take a by entry.
DAX Analysis 02/08/2022From a technical perspective, last week Friday saw a monthly candle close as a bullish candle of a level of support. We closed above the 50-SMA while at the same time maintaining a bullish structure (higher highs and higher lows) on the monthly timeframe. The daily timeframe saw another bullish candle close as we now trade between the 50 and 100-SMA.