Similar to CADJPY, we could experience short term bullish moves at least the the high/beginning of structure. Price is pressuring the top of a descending channel which we could see broken in the next few hours.
Not much on the UK100 but if looked at closely the trade is simple.
Bearish push down from 17 Jan 2020, then consolidation all the way to 08 july 2020.
09 July drop
12 july up to consolidate/test "trend line"
24 July drop again!
My prediction is that we may see another push down.
Gold H1 - Absolutely flying without any real retest of that 1785 number! Sitting 300 pips above that previous resistance without any real pullback. Saying that, we haven't even really had a retest of 2012 highs at 1795. Just want to keep following this pair and seeing if we keep breaking the new high levels.
We require patience when price is ranging - we are currently adding a filter to our strategy that will allow for when this happens and remove any less probable trades because of this.
Gold is moving well from the last buy signal after waiting for a close above range.
. There is a possibility of temporary retracement to suggested support line (68.61). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. NZDJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic...