Arkenzaru

Arkenzaru

As stated in my previous analysis, I have began to SOER and we have reached the top of the trendline. SL will be set above September's high in the chance of pumping towards there for a double top. TP1 will be aimed at the bottom of the current uptrend whereas TP2 will then be with a trail stop to lock in profits and see if it can break the channel to go back to...

Arkenzaru

DXY is approaching a strong support now. I'm expecting retracements to happen if DXY were to bounce. Otherwise, if DXY continues dipping, I will be selling on every rally in GBPUSD until the top of the channel where fib 61.8 expansion is at.

Arkenzaru

Given that DXY is approaching a strong support, we will see if EURUSD can close above October's high. If it fails to do so, I'm expecting a retracement towards the 23.6 level at the very least. I would honestly sell on every rally until it reaches 1.195 which is where the daily fibo 61.8 expansion is.

Arkenzaru

Gold is overbought on the lower timeframes and H1 and just turned overbought on H4. My prediction is that a small pullback is due before heading further up. TP1 will be at 1935. Levels to look out for is 1961 and 1940.