I EXPECT A PRICE REVERSE, COULD BE HAPPEN IN THE NEXT DAYS. WE HAVE OVERBOUGHT LEVEL ON DAILY CHART !
WE ARE SEEING A PRICE REJECTION ON DAILY CHART, AND GOOD NEWS HAVE COME OUT ON THIS WEEK FOR THE USD. WE MIGHT SEE A REVERSE ON THE NEXT WEEK. IM BULLISH
THE PRICE IS IN A REJECTION AREA, WE CAN HAVE A MOVEMENT FOR UPSIDE. TAKE CARE OF THE RESISTANCE AREA. SEARCH ENTRIES ON 4H CHART! IF BRAKE OUR SUPPORTIVE TREND LINE, LOOK FOR BEARISH ENTRIES.
IN DAILY CHART WE ARE LOOKING AT DOJI CANDLE ! AFTER A GREAT BULLISH MOVEMENT, I EXPECT A PRICE REVERSAL. OVERBOUGHT LEVEL MARKET WHICH STRENGTHENS A BEARISH MOVEMENT. IN USD AND EUR FUNDAMENTALS, WE HAVE AN IMPORTANT THURSDAY, WE LOOK FORWARD TO ECB PRESS CONFERENCE AND IN USD WE LOOK FORWARD TO JOBLESS CLAIMS. IN SUMMARY I expect a reversal of EUR / USD, I AM...
THE PRICE IS IN A CONFLUENCE AREA. THERE IS OPPORTUNITY FOR THE PRICE TO GO SHORT, TAKING NOTE THAT TUESDAY IS EXPECTED A PUBLISH OF THE CPI, LOWER THAN PREVIOUS.THAT WILL MOTIVATE A DEPRECIATION OF THE NZD AGAINST CAD. IN THE OPPOSITE, CAD CPI IS EXPECTED TO BE BETTER THAN PREVIOUS (BULLISH). ON WEDNESDAY BoC WILL MAINTAIN THE RATE DECISION AS EXPECTED, AND WILL...
WE MIGHT SEE GOLD FALLING IN THE NEXT FEW DAYS, IN MY OPINION. WE SEE OVERBOUGHT LEVELS ON DAILY AND 4H CHART, WHAT CONFIRMS THAT PRICE CAN REVERSE.
BEARISH TRIANGLE, MEANS BEARISH ACCUMULATION. IF THE PRICE BREAK OUR SUPPORT ZONE AND RE-TEST, IT´S A SHORT OPPORTUNITY IN MY OPINION. GOOD LUCK AND GOOD TRADES