average 2.2% movement in either direction. Monthly/Weekly analysis indicates a wedge in trend with possible downtrend, which increases the probability of this analysis being accurate. Keep a close eye on movement as it looks like it will drop as close to the low trendline and hold for a while before moving up.
news will effect small sharp upward movements but the trend should continue into the redzone before moving up. a downward sell is also possible with a 30-45 pip SL.
This is my idea, hope it proves fruitful should you take it. And as always, check your risk.
news will effect small sharp upward movements but the trend should continue into the redzone before moving up. a downward sell is also possible with a 30-45 pip SL.
This is my idea, hope it proves fruitful should you take it. And as always, check your risk.
Trade active:
BUY order 0.01 placed at 7529.93 already 7 GBP profit.
Comment:
I am not sure but if you overlay XAUUSD to the NAS100 it looks interesting. I dont know how the 2 tie together. Any views?