#XAUUSD
#EURJPY
Morning guys 🌞🌞 the Gold chart yesterday was so beautiful, it moved exactly as the green arrow I drew. It’s now facing the major resistance zone 1753-1757. Let’s see how it goes. There are 2 scenarios for this:
+1st (green arrow): breaking out the major resistance and go up, target for this will be 1765, maybe it will pull back a little bit to 1757 when it reachs this line, then fly up to 1784.
+2nd (red arrow): the major resistance can be broken, Gold will need more time to retest, pulling back to the lower zones will be its next move. 1747, 1741 and 1731 will be the targets for this scenario.
About EUR/JPY: my opinion was wrong when I thought EUR was strong enough to break out 146. Now I realized that this line hasn’t been tested yet, yesterday was the first time this pair reached this line from the bottom. There are at least twice if price wants to break out any major resistance or support. It pulled back to the major support lv. Let’s see its reaction when it faces 144.33. we also have 2 scenarios for EUR/JPY today:
+1st (green arrow): dropping to 144.33 but not strong enough to break out this line, it will go back up. 144.58, 144.8 and 145.13 will be the targets for this if you wanna place buy position around 144.33
+2nd (red arrow): 144.33 is broken, this pair will go straight down, 144.12, 143.82 and 143.47 will be the targets for this scenarios.
The trend now of these both pairs are not really obvious. I think we not gotta place any order at the moment. We need a couple hours to see how they go then figure the trend out, that time will be easier for us to make profit. ❤️❤️🌹🌹
Good luck guys ! Have a great trading day ahead.
Jolie Do:
Forex Trading Specialist/ Relationship Manager at ForexCEC - DNBC Global Markets.
ForexCEC - DNBCグローバルマーケットの外国為替取引スペシャリスト/顧客関係マネージャー
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