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ETHUSD - Looking for a Corrective RetracementTF: 8 Hr Possible H and S formation on the 8 hr TF. This has formed after a strong rally, and price may due for a corrective pullback. I think a retracement to the .318 looks like it may be a good area to look for longs. This retraement area offers a few bullish confluences: 1. Area aligns with with a former broke resistance zone; 2. The 0.382 corrective retracement area is also located here 3.Aligns with a new bullish trend line Dollar weakness looks like it may continue for the longer-term which will drive cryptos upwards. The DXY (dollar index) looks very oversold and may need to correct a bit more up which would allow ETHUSD to retrace.
GEMINI:ETHUSD
by MC_Mike_Trading
Gold - Easy head and shouldersHello everyone, as we can see he have a beautiful head and shoulders pattern that we have broke bellow the neck line. We also see divergence on the weekly and monthly timeframe, so a bigger drop is most likely going to happen, because we had way too steep surge and we needed such pullback. For now we should trade only the head and shoulders with the given take profit, because given the unstabillity of the economy, gold might aswell rise a lot in the near future especially during the elections. We can sell now and place the stoploss above the right shoulder. Good luck to everyone!
FX:XAUUSDShort
by donaitelo