Good evening Dynamic Traders,
The EURGBP mentioned on Monday is starting to look like it is moving to the downside. Some of you may already be in the trade.
Below are the daily charts for Gold and USDJPY.
Gold has seen a big push up today, price has broken through trendlines and produced a break out. Given that price has found resistance not too far away, it may be worth waiting for the previous resistance levels to be broken before a long entry is taken. Definitely worth putting on the watchlist.
The next chart is the USDJPY. Price has broken through a trendline and is looking bearish. This may be a good opportunity upon the break of the support line on a shorter timframe to keep on the watchlist.
Good Trading!
Bijal Shah
No comments:
Post a Comment