GOLD has been playing out PERFECTLY
After the bullish flag / ABC Correction we received, we got a rejection off the longer term TL which has provided plenty of liquidity driving price up to the Resistance at 1345.
I expect price to pullback to the blue 50-61.8 sweetspot highlighted in blue, before another rally towards 1,400
EURGBP is currently still in an uptrend. Looking for any sell opportunities at current price is not wise. trade the trend and buy this pair until we reach the daily supply zone that i have marked up.
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We should be looking for sell opportunities as EURNZD has rejected the daily supply zone and has made a significant move to the downside so far. We approximately another 650 pips to go until we reach the next strong daily demand zone. Play it safe and trade the trend by looking for selling opportunities for a better risk;reward trades.
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ETH/BTC TECHNICAL ANALYSIS
Just broken above previous resistance level at 0.030807, could be looking at a long position to the 0.031365 level.
Proper risk management is advised.
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Been monitoring this trade since last week Monday. Saw the support zone for last week overall trend reversal and now letting the pair produce a bullish channel.
It the current candle which opened this evening closes above my line @110.189, this will show that it has broken previous daily tf resistance.
Target Price @111.459