This pair break important resistance 121 points. Form me look like there is stability in Europe. For me long.
I cannot write about rumors. Expecting after economical news that US will up and GOLD will down.
This setup for trade is based on history from 1998. Double bottom are like 2 drop of water (find vertical lines). Expecting EUR reach tops (dotted blue), because od French election. And from 120ish, Short and break 1000 points.
As tittle said, we are waiting for touch of TOPS line(green), after that preparing for read a BEARISH candle. Setup alarm like me . Thank you.
No brain, that gold like uncertain. Lests say after Trump speach they say that they dont have yet news about Obama Care cost, which is good for Gold price. And thats I am expecting to GOLD up.
Possibly to break triangle, if so, i will setup buy.
In this 4h charts we are waiting for a Bearish candle to setup order for short .
Trade start when hot 61 of FIb ret. and extra confirm of ABCD pattern. If this correct, then take profit or lock on target 1, target 2 is possible.
After release data from AU and USD and compare them, its should be clear for traders that this be bearish run. Also BA is hitting birder so...
Looks to me as trend line channel with a possibly of long. Wait for hit red line , buy stop loss. Finger cross for home run.