Perfect Head and Shoulders pattern for short.I placed the SL@50% of right shoulder height ==================================== TP1 at 2.618 Fib ext. and TP2 at 4.23 Fib ext. Price almost reach TP1 for 250 pips profit : )
Looking buying opportunity as price break out with high volume. Expecting AB=CD Pattern completion for TP at 37.30 RR=2.68 , SL@34.50 at bottom of the spike bar.
NZDUSD is forming the double bottom pattern and it broke the neckline today and the bullish divergence occurs with ROC(14). Moreover, the price break the ichimoku cloud as a comfirm signal. I trade this with 2:1 R:R SL@ 0.745.
Bearish bias on the gold, I will wait and see when price to bounce back to the resistance area around 1175 and to short in order to resume with the downtrend.
Add Long position, If the weekly bar close above 2069 end of this week. It could be Bullish Engulfing with the rejection of EMA 10 and 20.