EU closed this week with a strong bullish candle, however the pair is finding resistance within a two month channel.
Bitcoin has come down and tested the low from 2019-07-02, between it and the weekly were a nice entry zone. We only just tapped the range, only giving me a partial fill. Continuing higher, I'd look for some profit-taking around 10245. You could use the profit target as a short entry but I would keep my stop tight.
BTCUSD D POTENTIAL BEARISH HEAD AND SHOULDERS Seeing a potential reversal for a minor retracement back down during this transition, collecting orders. this maybe where one of many liquidity areas. once they get enough we may see a move down, but first we need to see one more stab up top to form the right shoulder before falling further. let see what happens.....
USDCAD 4H After A Bigger Inverted Head N Shoulders, We Got A Retest... Point A - C, which formed a double bottom. in confluence with the fibs 61.8% NOW looking for a continuation back up to our FIRST targets -27%. at 1.35621 for now lets see what happens
This is why I hold more silver then gold again the US dollar is what sucks here
Gold is consolidating above the 1117-1118 resistance (go to "Gold should resume its fall" to see previous analysis), that could make us think it's not going to slip further into dips this week. However, in 120, we can see a nice Golden cross (50,100 and 200 MA crossing) that is saying "SELL!!!" If it breaks 1117, we could see gold touch 1100 by the end of the...
I'm long since 42 price level, with a target above 50 by the end of the year. However we see a double top in 120, we could see a correction before the weekend, so time to take some profits and maybe add some long pos. at 43-43.50 levels.