GBPUSD In an Uptrend, currently at a psychological zone(Demand zone), but below the current demand zone we have another major demand zone liquidity has been taken, could there be more liquid sweep? If that occurs then that we gives us a double zone break zone breakout On the flip side for a sell trade if we get a break of our double demand zones
DURABLE GOODS NEWS IMPACT RELEASED CAME OUT RATHER MIXED Market out zones a break above our supply zone of 1.08750 for a buy trade and a break below 1.08300 for a sell trade
The market is in an oversold zone Although in a downtrend at psycological levels for a potential up move which could be a retracement for liquidity the continuation to the downside It is a fading downtrend The will be an up move soon in order to clear the market from oversold Fundamental data; United States New Home Sales will be released soon A higher than...
I still maintain my bearish outlook on GBPUSD It's expected to continue in it's downtrend trend from this 1.2270 to 1.2300 level
Gold has been Ranging, It has been resisting the selling pressure from USD I look to get a potential swing to the upside and break of resistance, for a valid Buy trade, but if it should give in to sellers which is quite unlikely at this season then we sell I will love to see a bullish Market on GOLD I currently maintain a Bullish Bias on GOLD