I think there are probably 10,000 charts talking about the daily “Pin bar” of GOLD lately. I am not the expert of “Pin bar”, I do notice the long tail tested the resistance level and failed to close above it. Anyway, looking into shorter time frame, we have a support zone around 1755. More conservative play will be waiting for the break of this level, and get in during� pull back. Well, if it pulled back.
Here is the 4 hour chart. (click to view full chart)
Here is the 4-hour chart of AUDUSD. Just like last week, everybody was watching/talking about the daily pin bar, now we are presented with a obvious Head and Shoulder formation� in H4 chart.� I like the fact that 1.04 support is now broken, I am looking at further downside.
Here is the …. CHART.
Here is the $NZDJPY daily chart after NY session close yesterday. Very nice reaction at 65.50 ish zone. The major roadblock is seen at 64.30 ish zone now. It is a strong support zone formed by previous highs.
Here is the…..CHART!
NZDJPY looks interesting to me. A potential short. Just be aware high impact events (FOMC statement) later today.
A late post. I was watching potential Long setup of of EURSGD at the retest of previous resistance zone. Initial target is to test 1.59, and next is 1.6. Let’s see how it goes.
Here is the ….. CHART!
$EURJPY had a nice break out from the range yesterday. A potential entry area will be around 99 if you are trading pullback. Just be aware, in daily time frame, 200 moving average and potential resistance zone are sitting around 101.
Here is the CHART!
Have a good weekend!
