EURGBP seems in the corrective structure, likely in B wave structure. If it's true, we will see the down wave with complex structure.
And another fact, corrective wave C will go down with sharp move.
No matter what, market is giving the great opportunity to ride the down wave.
All we have to do is waiting the present up move finished and grab this opportunity...
Meanwhile, USDCAD breaked the trend line and testing it back.
It's a great opportunity to wait to get the confirmation for short entries set up for the intermediate trend.
- The pattern itself showed the same structure compared to the previous structure.
- In the recent upmove, there's no obvious Impulse movement and complex upwave structures are seen........
Assuming Uptrend still Exists (Probability 1)
- At present, Gold is showing some sign of Bulls' weakness.
And another facts, thinking about the steepness of trend and increasing in volume, Gold market will enter the major(intermediate) correction targeting to 1360 and 1340.
(But meanwhile, it can probably move up a little again but not much. If it happens,...
