Trap the Market - Page 60
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Thread: Trap the Market

  1. #591
    Are you tracking XAUUSD (Gold in USD)? Consider the following technical standpoint.

    Although price action on gold is technically northward, it's presently in a correction (bound in black lines) round the 23.6/32.8 Fib retracement zone of this recent upward swing over the daily time frame. In reality, an intraday triangular pattern (magenta) could be seen on the H4 time frame and there can be a southward pullback to round the 1321.85 prior to a northward turnaround.

    I may be incorrect. Trade secure and prosper.

    KP


  2. #592
    if you're tracking GBPJPY, realize that technically the pair is on a northward mode. However, we may expect a pullback into a ascending trendline (black) on the D1 time period or an immediate service on an intraday chart like the H4 time frame.

    Trade thrive and safe.

    KP


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