Possible Head and shoulders here. Sentiment seems bearish on most charts. To place and entry we would have to wait for the market to hit our entry price after retest - 1.22916 just below resistance.
ENTRY - 1.22916 (Or Below resistance)
TP 1 - 1.21998
TP 2 - 1.20953
TP 3 - 1.20166
SL - 1.23026
Trade safe and monitor your trades. Use appropriate risk...
Despite what is being said about our favorite commodity being bullish , we're still on a downtrend on the 4H, Daily and Weekly chart, we have reached beyond 1505.00 with a huge spike during the FED Speech, but our bulls didn't manage to pass the trend line . Mixed positive and negative news for gold since the start of the week got us confused about the metal's...
We've got ourselves a possible opportunity for a short here. The USDMXN has been going on a continuous downtrend for time.
we're placing the entry at the correction level, from which we'll short.