The downward Chanel has been broken I'm now looking for a test of 133.21 and a push up to the previously respected level of 133.590. my stop is set at the bottom of the previously tested low before this climb, giving me a 3:1 risk reward.
Gold is about to test an extremely strong level at 1795, looking at the weekly chart there has been strong rejection from this price in the past... will it drop again or keep on climbing to a record high? If the price fails to break the level I will be looking to sell. Any comments or feedback would be greatly appreciated
GBPCHF has broken the bullish trend pattern at the end of last week and had a strong rejection of the line after a retest, I'm now looking for a slight correction up to 1.84000 with the RSI being oversold on the 4HR, then a continuation of the downtrend. I will be setting a sell order at this level when the markets open
I have been waiting for this level to be reached all week, and now entered my second buy position on EURUSD, with hopes of it hitting the 1.50000 range over an extended time. 1:5 risk reward ratio
EUR/CAD has fallen back into the Descending triangle pattern that has formed on the 1D,4HR,1HR chart. With a strong rejection of higher prices, false break of the pattern and no immediate retest of these levels my bias is strongly toward the downside, I hope for the pattern to break to the downside and see a return back to normal prices before the outbreak in march.