Seems like GBPUSD might go down after making a corrective trend now we wait for sell confirmation.
Nasdaq has been consolidating but slowly in uptrend direction, it has reached it higher low, now its going trying to form a higher high point forming a V shape. it going up for a while looking at how much price has dropped.
Looking at gold it has a high possibility of selling since NFP has push the price down its trying to gain momentum to go up but sellers are in the winning ratio. gold is more likely to sell cause it has reached its higher high point and its looking to form a higher low. This might be an early entry as it a sceptical point to enter, but its still safe to jump in.
Buyer are pushing price up to close up the year on uptrend to star a new monthly candle, buyer at this point have alot of influence on the direction of the market.
lets go short and risk 10%, because the market might move impulsively downwards
it has reached its highest level, so its going to retest the previous high
little bit of a downtrend just to touch the trendline, the we wait for confirmation then we look for a buy
if it breaks that level then we look for sell entries because it already confirmed, it just needs momentum then we go all the way down
It could possibly go there i think, but you can follow me for more exclusive analysis.
It restested already so that is confirmation for sell, i hope you enjoy and follow me for me exclusive analysis.
Although gold hasn't shown any signs of going up it looks like the down trend might continue
Looks like the uptrend of nasdaq will continue because it is breaking out the trendline on the H4 CHART
Looks like eurjpy might go for buy because it has broken the trendline on H4