ashalmas65
Harmonic = abcd pattern c = ret 38 ab tp 1 = ext ret 161 cd tp 2 = ext ret 261 cd
As we can see price is touching the resistance and than a correction here. if the price line break the resistance we can a buy . we can use a buy stop on the resistance .
if the price line breaks the triangle to up , we can have a buy position . but since we have divergence in MACD & RSI it is a sign of a weakening trend eventually we will have price correction .
harmonic pattern - bearish butterfly tp 1 = ext.ret bc fibo 127 tp 2 = ext.ret bc fibo 161
July 29 GBPUSD is trading inside a channel from 1.3628 to 1.4257 stop = 1.3825 target = 1.4165 risk/reward = 2.14
In monthly time frame ,if the price line breaks the neck line we can have growth in price gold in the future .
swarm had down trend and now have reng trend 6.28 - 6.73 resistance zone 23.60 fibo is second of resistance