GBPUSD STRUCTURE IS READY TO FALL THIS COMING WEEK WITH GREAT MOMENTUM, I AM BIASED TO THE DOWNSIDE, ANY SELL SETUPS I SEE, I WILL GO FOR IT BUT IF PRICE DECIDES TO FLY, LET IT GO WITHOUT US, I WOULDNT CHASE IT
CURRENTLY GOLD IS IN A DESCENDING CHANNEL FORMATION AND HAS ALOT OF POTENTIAL TO MOVE TO THE UPSIDE IN THE FUTURE, BUT ALSO APPROACHES A KEY ZONE IN CONFLUENCE WITH THE TRENDLINE AND THE FIB GOLDEN ZONE, THE 0.61, LET'S WAIT AND SEE HOW PRICE ACTION REACTS TO ZONE, WHETHER WE GO SHORTS IN THE FUTURE OR LONG, WHO KNOWS? LET'S SEE HOW IT PLAYS OUT
PRICE IS CURRENTLY BULLISH AT THE MOMENT BUT WITH THE NFP NEWS YET TO BE RELEASED TOMORROW, WE COULD EXPECT US DOLLAR INDEX TO REGAIN STRENGTH THAT WOULD SEND EURUSD INTO THE 0.786 DEEP RETRACEMENT REGION FOR PRICE TO REBOUND AND MOVE LOWER, BECAUSE THE US ECONOMY IS SHOWING SIGNS OF RECOVERY AFTER A LONG WEAK HAUL. SO TILL THE NFP RESULTS TURNS OUT POSITVE WE...
