no denying gold is in a bull market due to the relentless printing by the FED, it is now in a prime location again for a next move up. Especially when the DXY is at its resistance (look at my chart analysis). for gold look for a hammer on the daily or 4h for a long and put the stop loss below the wick
AFTER DXY IS GETTING READY FOR ITS NEXT MOVE DOWN, EUR WILL HAVE ITS NEXT LEG UP , AND EURJPY IS AT A PRIME LOCATION FOR A BULLISH CONTINUATION AFTER LEAVING A DAILY PIN BAR AT THE TRENDLINE. WAIT FOR THE DAILY CLOSE AND PUT STOP LOSS BELOW WICK (ONLY IF DAILY CANDLE CLOSES AS A HAMMER) AND TARGET RECENT HIGHS OR EVEN HIGHER.
DXY IS RETESTING THE UPPER TRENDLINE RESISTANCE AND THE 21 DAY EMA, USD PAIRS HAVE SEEN A MOVE UP THE PAST FEW DAYS DUE TO THE RALLY OF THE DXY, NOW THE DXY IS IN A PRIME LOCATION FOR A CONTINUATION DOWNWARDS HENCE EUR/USD WILL HAVE ITS NEXT LEG UP.
GBP CAD RECENTLY HAD A FAKEOUT AND NOW IS BACK ABOVE THE BULLISH TRENDLINE. THE BULLISH HAMMER ON THE DAILY 2 DAYS BACK IS CONFIRMING THE TRENDLINE AS SUPPORT AGAIN. PERSONALLY, I AM LONG BECAUSE MY CHART ON MY ENGLISH BROKER HAS A 4H PIN BAR AT THE TREND LINE. BUT IF YOU DO NOT HAVE A PIN BAR SIGNAL ON THE 4H OR DAILY, KEEP AN EYE OUT FOR ONE AND AIM FOR THE RECENT HIGHS.
THIS WILL BE A PIN BAR ENTRY. THERE IS A SIGNIFICANY 4H HAMMER IF YOIU ARE MOER AGRESSIVE HOWEVER, I WOULD WAIT UNTIL THE DAILY CLOSE, IF IT CLOSES AS A PIN BAR OR HAMMER I WOULD LONG AND PUT STOP LOSS BELOW THE WICK AND AIM FOR EITHER THE UPPER TREND LINE OR THE RECENT HIGHS.
AUS200 HAS BEEN IN AN UPTREND, THERE IS A SIGNIFICANT 4H BULLISH PIN BAR ENTRY, ENTER AND PUT YOUR STOP LOSS BELOW THE WICK OF THE 4H PIN BAR OR IF YOU WANT TO TAKE A BIT MORE RISK, PUT YOUR STOP LOSS BELOW DAILY PIN BAR CANDLE
there is an massive 1 hour bullish pin bar signal reacting with the long term bullish trendline. Put stop loss below the pin bars wick and ride to the recent highs or even higher (assuming this thing is going to ride itself to the upside with its current momentum)