just an idea, if anybody wants to further develop it themselves go ahead. Broke out of the downtrend resistance and is respecting it now as a support.
following the bullish elliot pattern, i see a push to a new high
A lot of work gone into this idea, can see a bullish push to reach a new high in the next 10-12 days. It's currently making the first of the bullish move, will be entering a trade in the marked zone. I'll update as the trade progresses.
Just an idea, not much to say, lets see how it plays out.
analysis for the pair after my last short idea, which is still open.
Looking at a long term sell here its looking really nice right now to push down, potential for around 500 pips, will update as the trade develops.
Gold seems to be respecting the arc but i can see a pattern in which i can see gold respecting the support of the uptrend line.
I will be watching this up trend for a potential entry, after a confirmation close above the previous high. My entry, target and stop loss are show. Lets see how it plays out !