we had analysed the gold with harmonic patterns and fibs this time. we are expecting a bearish move and hit our second TP soon. be aware of the exact SL what we specified good luck
to me it is a buy signal as it could not get to CPR and it is above the R3 Camarila PP . expecting a touch on Fib 100 and be very exact with SL and TP...
it has reached it reverse point and if break trough it will come back and long
risk to reward ratios are worth of taking risk... there are three targets specified
it should touch R4 of camarilla PP as a pull back
if it can break above the CPR then the scenario changes, but as long as it is bellow the CPR we are expecting a renege fallowed by a down trend, if it breaks the support line and goes down till it reach the lower band of the channel
we shall fallow the down trend and look for tomorow CPR bounce and touch on tomorrows Camarila R3 then we will see
it is very much depending on Brexit news, if the vote is passed then we are expecting this scenario. or else it will be void... as the trend has broken the bullish channel i believe it is going to be reneged and then bearish move , it is trying to break the CPR line and as it breaks it will be a bearish move
generally it is very much depending o the Brexit voting result if pass it will be a bullish move and if rejected it will be a bearish move but we expect to break the CPR area and then short it as it breaks the BC and S3,
shorting and waiting to break the CPR BC and expect to touch the S4 look at the engulfing candle patterns in H4 Time frame, it signals for short or else if the pivot is broken back we look for a bullish move to today top and even R3