After the US took an airstrike on Iran and killing its top general, I have been looking for a countercurrency for USD other than Gold and Oil... and so, USDRUB was detected. Moreover, its price action gave us a convincing sell bias as it has successfully broken the weekly 200ma. This set up will be targeting 55.000 psychological level that was previously tested in...
A bullish flag pattern is spotted for Gold to start the year 2020. The probable upside of this set up is the height of the flag pole which is around 2500-3000 pips. Two buy scenarios can be suggested in this set up. First is to enter buy at the breakout of 1550 level and 2nd is to wait for retracement at 1500 level (SL: 1450, TP: 1750-1800 previous highs of 2012)....
The rally that broken the bearish trendline on GBPNZD last October is weakening and pointing to retest the broken resistance trendline. Sell order can be entered at 1.9500 and set a TP at 1.9000. SL can be placed at 1.9700. Until then, we will revalidate if this trade idea will hold through.
