50 more pips or so going down then im predicting the markets will be bullish again until the drawn in resistance.
Like if you agree, comment if you have something else in mind :)
EURUSD about to be bullish again
-The light blue lines show the clear uptrend (overall bullish)
-The red lines show the recent downtrend (short term bearish)
-The uptrend line clearly has been broken, yet it seems to be a false breakout and the pattern should continue once it is around the support line (dark blue) at 1.0696.
-The recent downtrend line is about...
After a recent peak gold seems to have re-entered ranging markets and looks like it will go short. After it will most likely bounce off of the support and go back to resistance, where it will once again bounce off, or will continue through into a trending market. Indicators are not in favor of this movement, yet candles clearly suggest Gold is currently going bullish.
Currently still very bearish, approaching support line, having broken through support trend line, RSI approaching 'undervalued', high volatility (Bollinger Bands), and currently far below MA, MA is resistance, wait for bullish reversal sign around support line, execute order, expect to approach, overall trend is upward, take profit at current resistance line or...
