so with gold now we have a few options i can share with you now going from current price then to data in the upcoming weeks or months now what's best here, i think at this current time is to wait and see what happens with gold and don't just trade for the sake of getting into a trade on gold get it wrong it can hurt so what's wrong with waiting for the next...
EURUSD is now very close to structure lows. Keep a close eye at the ray line area which acts as a double bottom and also the outer structure. If we flip to the DXY we also have corrective price action waiting to break to the downside. Potentially big trade on the horizon.
Personally been waiting for this for a while. Have a great week.
Big candles going straight for trend line indications reversal. Tiny stop loss of about 25 pips so easy to jump on now. Risk Reward for this trade is about 13/1 which is amazing. Price above 50 and 200 EMA so indicating long bias again. FX:GBPCHF