Gold is sitting at a resistance it hasn't touched in 7 years. I rarely trade gold but the significance of this level mixed with the tweezer tops on the 1 hour make it look juicy. Entered short, we will see
Daily chart. Strong resistance that only breaks on Brexit news over the last several years. Shorted this a few weeks ago for 600 pips. Shorting again here
Resistance turned support. Currency strength indicator also shows the CAD getting weaker
After yesterday's huge move to the upside USDJPY now sits at a one year resistance. Wick rejections show bearish pressure coming in. Shorting it
Resistance turned support. I see a not so proper head and shoulders which makes me feel better about the long. I also prioritize support and resistance over structure. Especially when support or resistance sits in the fibonacci golden zone, as we support doing here. Price action wicks showing rejection and bullish pressure. Longing
Support turned resistance, now support again. Sitting in the golden zone. Long it
Strong resistance. Wicks are respecting downward trend line. Short it
Details are on the chart. The pound is extremely overvalued in my opinion and all the pound pairs are beginning to show signs of weakness
Details are written on the chart. I expect this to continue upward to the top of the channel
Price is sitting in an area that it hasn't touched in almost 10 years. Let's blast off
Sitting on a strong resistance turned support. Let's make some profit
Sitting on strong support. Price action is there with the wick rejections. Let it fly