Will we see a rejection from there, we've seen strong support from their but we've broken through that and If we see a strong red rejection a entry may be possible keep your eyes on the charts!!!
With June ECB rate cut done deal, and majority expecting cuts in Sept and December, it currently seems like there is a bearish outlook for the Euro and we can see a strong rejection at 169.747, which is a level well respected in the past as seen the involvement of past candles within that range, my current take profit is set at 168.577 an lets hope for the best
We can see that AUDJPY has made a double top, and currently has broken the upward trend, i am currently in a short position with targets at 102.857, it is important to observe whether prices would rebound off 103.500 with previous double bottom making the current drop a possible triple bottom
Very similar to the AUDJPY trade i mentioned, we can see a rejection of SGDJPY of double top at 116.668, which caused price to dip, while regaining some upward momentum, we can see that SGDJPY is rejecting off the dotted line plotted at 116.113 which was a level respected numerous times as highlighted in yellow, if momentum continues a short trade towards the...
Head and Shoulder Pattern for a short position, with bond yields rising and DXY on the rise we might see a further drop in Gold before a correction upwards
