Bearsih bias as price move back below the broken topside trend line.
Formed a nice bottom at 1.27800 with bullish engulfing candles..
Long if there is any bounce from this support zone.Watch price action on lower time frames (H1,H4) and look for engulfing candles,inside bar,hammered etc. Risk is define move below this area, opens the door for more downside.
Wait for triangle breakout. Do not risk more than 1%.
Testing Resistance Zone (1190-95).Risk reward is good on a short side.
Gold bigger rally than many are expecting once we crack this nut ... Buy Stop at 1216 TP1 : 1234 TP2 : 1265 SL : 1208 (Provisional..will use trailing stop when trade is active) RR 1:2 for TP1 RR 1:5 for TP2
Head and Shoulder target measures at 0.73600 RR 1:1.16 Buy at 0.72800 TP 0.73600 SL 0.72300
Short on a pull back Short reasons : 1. Not making higher highs 2. Bearish engulfing candles
In a downtrend and Testing resistance zone ..
Looks like CHF/JPY has toppeod so Short CHF/JPY with SL 116.150 TP 115.150 Entry Price 115.850 RR 1:1.75