Tuesday, January 21, 2014

Gold is going to short rally soon and EURJPY is going to long rally


Green trend line is main trend also this line kept before 2 times long term bearish. Above the red trend is right now keeping the bearish trend. Now price hits the red trend line second time and also look the gray trend line's break out into down.


First look the rising wedge pattern is confirmed by green trendline's break out down and also green trend line was strong support. Then look the bearish divergence with MACD. Now price is making pullback.


Green trend line is main trend. Green and red trend lines are main trend channel. Now price is bouncing on the orange trend line. The orange trend line is strong support and resistance zone. Here the situation is orange trend line is working in support side.


On this picture we have to look on bullish divergence and waiting for channel break out.




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