On todays analysis of Gold we can see gold has dipped into a major area of supply around the 1790 area. Once Gold found this area of supply is rejected off it perfectly rebounding back towards the 1800 area which is ideal for a Bullish Sentiment. Personally speaking I would be waiting for another drop to 1790 before taking my buys. On the other hand GOLD on the...
As we can see USDJPY has broken from a Rising Wedge where it has tested a major support where we’re expecting a clear break. My first target with this trade is 110.000
There is still a chance USDCHF could retrace to the marked out Resistance Line, so this is where I will be setting my orders (Price Action Depending). USDCHF is in a downwards trend and I expect a continuation of this trend. Price closed below the 21 EMA which acts as a continuing area of resistance, RSI is .40
GBPCHF POTENTIAL SELL SET UP (H1) As shown from the chart above GBPCHF has begun a recovery from a major drop in price. The area i have marked out is a key resistance level and will be expecting to Bearish once we reach that Key Area, Price action depending. I am expecting more Bearish pressure once we reach this area.