As stated in my previous chart price is consolidating in the red area , divergence has been spotted on all lower TFs and price is being rejected on the daily. Once price breaks out of consolidation it is going to hit its previous lows before going higher.
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Gold is on the way down, I dont think its time for the drop just yet but heres a quick short idea
Price is currently being rejected at support but once broken sell to green area
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Price is currently consolidating in the highlighted area, divergence has been spotted on multiple time frames.. I'm anticipating a crash.
The price will fall to the green area and possibly even further.
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SIMPLE SETUP, price is clearly in a downwards trend and our red box is a clear resistance zone that will also line up with price hitting our trend line....Go for it and treat me to a pint after you make profits.... make mine a strongbow ;p
We can see a clear bounce off key support ( green line ) which we had an order placed at, we also entered another long position at our purple line.
We can see this trade picking up 100+ more pips as recently this pair has been respecting all our key levels.
Simple clean charts = clear vision ;)
So we are long on this pairing... get on it.
COPPER looks good for downside. Keep an eye on this one for an entry. I suspect that price will hit the 3 wave move to the lows.
I am expecting price to break down, in the form of a 3 wave minor move. There is a chance price will move higher before the move down starts, but with a tested trading strategy you should have no problem finding the entry...
USDNZD looks good for a sell setup. I am expecting a nice move to the downside. Use your tested trading strategy to determine the best buy and sell levels.
There's a few ways this trade could play out, and how you play it entirely depends on your trading strategy and risk tolerance. I am expecting a bounce at the sidewards support level before a...