See also
Gold prices bounced back after showing a bullish momentum on Monday. Market players could take this opportunity to open long positions and continue the upward trend.
Buy gold and work for a pullback towards the breakdown area. Set stop-loss at 1.214550, and take profit upon the breakdown of 2158 and 2163.
The trading idea follows the framework of the "Price Action" and "Stop Hunting" strategies.
Good luck in trading and don't forget to control the risks! Have a nice day.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
The GBP/USD currency pair continued trading rather chaotically on Tuesday but with a bearish tone. The British pound at least slightly declined after the trend shifted downward. Recall that
The EUR/USD currency pair continued to move in both directions throughout Tuesday. These movements indicate a flat market. Let us recall that earlier, the pair broke through the ascending trend
Analysis of Monday's Trades 1H Chart of GBP/USD The GBP/USD pair also traded in both directions on Monday. On Friday, the price consolidated below the ascending trendline, formally changing
Analysis of Monday's Trades 1H Chart of EUR/USD The EUR/USD currency pair traded with low volatility and in both directions on Monday. That day, the macroeconomic backdrop was practically absent
On Monday, the GBP/USD currency pair predictably failed to continue its downward movement. Recall that earlier, the price again formed a signal for a trend reversal to bearish—a consolidation below
The EUR/USD currency pair traded mixed throughout Monday. Despite breaking through the trendline, the downward movement (i.e., strengthening the US dollar) never actually began. Thus, technical signals still hold little
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