After being consolidated in a daily range, GOLD has finally decided to break support, and is retesting the now resistance of 1190.50 At The Moment rejecting the 38% fib level and trendline in H4.
will enter this trade on a lower time frame to get a good entry Now
SL of 1195.00 (50 Ticks)
TP of 1170.00 (200 Ticks )
After Rejecting Strong Weekly Level since 9/27/218 GBCAD has dropped over 300pips
is on its way to retest the weekly support of 1.6400 for our next target.
we will wait to see how this trade plays out and wait for a pullback to enter for a short with a TP of 1.6400 in the next couple of days/weeks.
Expecting a Pullback on EURAUD to 1.6135 level.
reason behind this trade is because the 1.6135 level is in the 38%-78.6% Fibonacci level indicating a further downside to this pair to continue weekly downtrend to 1.5800 level.
Risking 3.76% to gain 31.46%
RATIO: 2:13
BALANCE $10,647.64
ENTRY: 1.6135
SL: 1.6175 (40pips) $10,247.64 (-3.76%)
TP: 1.5800...
here we have NZDUSD that broke the downtrend and retesting th monthly level of .6700 one more time,
im expecting for this pair to retest the Trendline before looking for buying opportunities.
however im expecting for this pair to retest the .6700 level.
