Gold is on an excellent bullish 1D technical outlook (RSI = 65.521, MACD = 20.810, ADX = 45.124) that highlights the uptrend provided by the Channel Up pattern since the start of the year. Having the 4H MA50 as the first support level, every time the price hit the pattern’s top for a HH, it pulled back for 3 days to the 0.5 Fibonacci retracement level. Consequently, our aim is that level (TP = 2,720) but we will take profit earlier if the 4H RSI hits its HL trendline first.
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British Pound / Japanese Yen
H&S formed on 1hr timeframe. Still not late to enter buys to aim at 193
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British Pound / Japanese Yen
Price respects both rising support and 0,786 fib level. Previous resistance has become current support at 190.8-190.9. Interest rates are likely to rise so BoJ is not likely to control exchange rate right now as it will fall anyway on friday. That is why it might want to gran more LQ before falling at 193.
My entry is 190.9
SL-190.3
TP-193 -
Bitcoin
Dont fall for this Bulltrap.
Something is about to happen to drag BTC down.
Its time to take a step back and wait for buy opportunities.
Distribution -> Re-distribution -> Accumulation