GOLD Setup :
Pending order
buy stop price: 1175.25 TP Next Major Resistance
Pending order
sell stop price: 1164.08 TP Next Major Support
Aggressive Stoploss @ 1169.5
Current Potential Target TP 1.1183
Watch for price to break or rebound off the Resistance line that is near the BUYSTOP. If the candle does not break (fails) passed it then the trade is invalid.
PA did not break early resistance so the trade was cancelled. Try again tomorrow.
Might be a good idea to place a bullish pending order on the Eur pairs. Price has plunged and a pin bar at a strong support. Price should rise up to 61.8 FIBO. Might make you filthy rich.
1.1119 EurUsd is a good place above Resistance to place a pending order.
EurUsd :
Fake out @ Resistance occurred @ line 1.1119.
Next Supports @
1.10307
1.09555
1.08319
We will wait for price to retest each Support line before getting into a trade.
Price RSI is in OVERSOLD area on H1 & H4 TF, with Bearish movement on Daily.
MACD is showing bearish momentum in H1, H4, & Daily.
Price is at a critical pivot to decide price direction.
A retest of its current support line will assist us in our next buy/sell decision.
We will watch the 4H timeframe first for break of line, then wait for retest fail for our confirmation direction.
My Bias is looking for further downside momentum.