This ones pretty simple, gbpaud could potentially form an inverted heads and shoulders to break upwards for some short term bullishness. Target is a whopping 600+ points. could it happen?
Gold is currently testing support on the daily at the bottom descending channel that seems to have formed as well as a bullish trend line which are intersecting to produce a pretty solid confluence zone. Not only that but my long term target seems to be back at our previous ath owing to the fact that we are also seeing a symmetrical triangle formation which can...
EURCAD just recently came out of a bearish channel on the 4hr, rejected local support at 1.367 and could very well be on its way up. Longer term target is at around 1.419 where price may meet the 1D bearish trend line.
