I've managed to get a nice entry on Gold off of 1300 Resistance level and the 61.8 fib retracement.
-You can still enter off of the Daily Close.
-Before meeting my extension at 1250, I do see Gold heading to the Daily Uptrend/1275.000 first to make a pullback to 1290 for another leg down to my -0.27 extension hopefully.
-I will hold my trade, take some profits at...
Prediction from my last post for Copper went wonderfully. Feeling a retest of the 2.810 level from the left "shoulder" for a nice RRR. Closure above good bi daily level. Will be trading within these bi daily and weekly + monthly levels.
USDCAD Potential Short Position
USDCAD pair is approaching not only the 1.3500 psychological resistance, but the 4hr and daily resistance level also.
There are already signs of reversal as buyers are leaving the market. To enter we must wait for a clear rejection of the resistance.
High potential trade with a good risk/return ratio.
Price of AUDJPY opened with an extremely large gap downwards.While it did it broke below the major support zone, it has started making its way up and we expect price to go up and test the descending trendline at the 0.500 - 0.618 retracement level before dropping down to the -0.27 extension level