Looking at a buy for Gold - once it breaks the D1 Dec ending trend line then ill be looking for further upside movement to the next major resistance
HOPEFULLY NFP TODAY HAS A POSITIVE EFFECT ON THIS SIGNAL
For Long on GBPNZD I would like to see a 4hr reversal pattern to form on the Trendline and 1.93200, Targets for me will be around 1.95150.
If that doesn't play out I will look for a break and retest on the trend line & 1.93200. Targets on this one will be 1.9060
For a SHORT: Looking for a break and retest on 111.800 and the Uptrend (CTL) before going short. Initial Targets: 111.100-110.900
For Long: Break and Retest on 112.120 and the Downtrend (CTL). Initial Targets: 113.000
CADCHF has approached Daily resistance (0.76200) will be looking for reversal patterns to form, As well as a break and retest on either of the 4HR CTL's or Daily CTL's (Counter-Trend Lines). If price does continue to the upside I will look for reversals patterns to form off of either (0.76800) or the DownTrend.
Looking at AUD/NZD just need a Daily/Weekly reversal pattern to form before going short. If a Counter-trend line does form on the 4hr or Daily I will use that to help with more precise entries.
-We had a Weekly Uptrend break. It has been retested the back end of the uptrend previously for a 365 pip drop. It has reached our point of interest once again in which...