Market Cycle Comes To An End After Price Pushes Up 3 Levels And Has Now Begun Its Contraction Phase As Smart Money Prepares To Release Inventory.
After Conducting My Analysis It Seems Clear That The Canadian Currency Is Alligning Bullish Signs Of Reversal On Every Pair. In This Case, Selling Pressure On The Euro Is Highly Expected. Asian Session Might Keep Price Ranging & London Will Set The Next Move. Technicals - RSI (Over Exhausted On Every TimeFrame) - Stochastic (Flat Out At Peak, Indicating Sell...
GOLD HAS CURRENTLY REACHED A LIQUITITY POOL / STRONG ZONE THAT WILL PROVIDE MOMENTUM TO THE UPSIDE. MULTIPLE INDICATORS SHOWING BEARS ARE EXHAUSTED ( RSI, STOCHASTIC) USDJPY, ALSO KNOWN FOR REVERSING IN CONJUNCTION WITH GOLD IS LOSING STEAM GIVING BEARS OPPORTUNITY TO TAKEOVER PUSHING GOLD FURTHER UP. TP@508.227 (ABOUT 1,380 PIP TARGET) BUY (HIGH PROBABILITY)
USDJPY SHOWING CLEAR SIGNS OF THE START OF AN UPTREND. TREND REVERSED, FOLLOWED BY AN INVERTED HEAD N SHOULDERS HELPING BUILD SUPPORT. SO FAR THE TREND SEEMS TO BE SOLID.. IM LOOKING TO GO LONG @107.602 IF PRICE CLOSES ABOVE THE LINE.