Just an Idea, No trades taken, but pretty confident this may pan out, if so, ill look for something to enter
This is where Gold will most likley look to go for. It may go a bit lower but this may lead for Gold going higher!
I believe this can retrace back up. Do I believe it will reach all the way back to the final target? Personally No. But I will keep in mind of that.
This is the area I believe would be a wonder entry. First target would be the recent high it makes, and the second would be half and then the final.
AUDUSD showed some impulsive action. However, I believe this was the pullback before it continued further down. The Market is still choppy and I would rather take out some trades off at this area. Why? Its your best bet for closing in profit no matter what. Now, you can still leave some to run out entirely and receive more but Ive been taught to never get greedy....
Market has been very choppy for the past week or so. First Profit on this trade would be 1.13500 if we see it come back down to or near this entry point. If it conitinues to rally , then I wouldn't expect it to comeback down to that area
I can see GBPUSD reaching for the 1.2800 area or higher. Possibly reach for the 1.3000 or higher towards 1.3200