...and channel bottom breaks, I'm looking for a sell. Maybe long term, depending on Oil and Friday´s Canadian CPI and Retail sales figures.
USD has bullied Sterling enough. Waiting til´buy zone.
Breakout scenario better visible on smaller timeframe, but heres the big pic with minimum 3 TP:s.
If someone think they missed the train for geeting long on gold - look at the big picture!
If it breaks down, the next place to follow is the channel top in the original chart.
Anyone looking for a retest to the channel?
Dont know if im patient enough to wait for backtest, but could be safer.
Tight stoploss: TP 1 80, TP2 75, TP 3, 70. Riskreward humongous.
The pair is outside of the Bollinger Bands and shouldn't have too much upside anymore. I believe that there is a correction ahead with a good risk/reward. Fundamentals should also favor a short!