Gold had a beautiful rejection off the 1800 round psychological level. Looking at the 1 HR there was confirmation of the ascending wedge pattern based off that rejection of that key level. We are now looking at the next higher high pull back and I see a retracement to about the 1779 level being the next stop. Another confluence is a HUGE bearish divergence on the...
GBP/JPY is showing a textbook symmetrical triangle on the 4 HR chart. Been trading above that 200 MA for the past couple days. Id like to see a break of the upper portion and a retest of the trend line for a bullish entry. To invalidate my bullish idea id like to see a break downward of the 200 MA and head back into the psychological level of 159.500 for a sell....
