Price action suggests that this currency is heading for a BIG move to the down side.
S/L 130.000 T/P 126.000 Area.
Utilising multiple positions and/or trailing the stop loss from here could see huge profits.
Enjoy.
I sniffed out this one and it is my view that this pair has reached a point where the wedge pattern which has formed on the weekly chart must define a longer term direction. The price action on the daily is showing the there has been a break out of the top of the wedge formation and is showing signs of rejection based on the last 7 days trading. Each time there...
Here we can see that after an initial break out of the falling flag proceeded by the formation of a hammer on the daily just beneath the channel gold has come back to retest the area. Support around the 1900 mark could be a catalyst for uptrend continuation. A daily close above the channel could see the start of a big move. S/L will be defined by a rebound from...
