gold looks like a strong uptrend but restrained in resistance 1843-1848. possible short for a moment with target profit closest support. Or, set buy limit in area 1825.
AU in my eyes looks like gonna down for a moment and I choose to sell for it. with RISK REWARD 1 : 3. ingredients: - Price action - MA (hidden) - RSI (hidden) - Support Resistance Theory disclaimer ON. #Stefmology..
UJ looks like oversold, trigger seller to open sell position with risk : reward 1:3. ingredients: - Price action - MA (hidden) - RSI (hidden) - Support Resistance Theory disclaimer ON. #Stefmology..
look at my pict, this chart looks like great to trade.
you can see that rising wedge is forming up in GBPJPY
AUDUSD is in bullish rally.. in TimeFrame 15, it looks like make an ASCENDING TRIANGLE. and my preference is put a buy order with minimal profit and maximal loss in my pict. I recommend buy if you want to sleep well.
EURJPY overall still on bullish rally.. I recommend to put buy order, if you want to sleep well. see my pict, that's is a minimal profit and maximal loss.
Warning of possible trend direction change from downtrend to uptrend.
gold have broken its Triangle and go north. (uptrend continuation) my preference after looking RSI and knowing gold have broken triangle... IT WILL GO SOUTH FOR RETEST, you can sell here (risky trader) or waiting for pullback (safety trader)
TF H4, confirm a bearish Regular Divergence, a possibility of changing direction become DOWNTREND
I suggest to buy in retest (buying in the dip)
GOLD in the triangle movement. I'm scare if gold is not going to north, but it want to south for checking its support.