The interesting thing about the markets is that investors tend to shoot first and ask questions later. With Gold, it tends to lead this very basis. If you look at Gold and the S&P500 chart, you can see that equities reacted a bit later than gold. I think since late December, the markets were "expecting" something bad to happen. First it was the inverted yield...
The 4-hour chart of EUR/GBP is in an ascending channel formation.
The centre median of the channel is acting as a good support.
As per our analysis we expect it to bounce back from the support to top of the channel.
We have spotted a potential harmonic BAT pattern on TATAELXSI hourly chart. BAT Pattern isn't yet completed. We will wait for completion of the pattern to get engaged in this trade. Price may take few more days to reach D leg of the pattern. We will keep updating the idea.
If you have any suggestions/queries, please free to comment down below.
Couple of pitchforks are displayed in the chart. Both of them seem in sync with price, the magenta one being more appropriate. Am looking to buy this one for short term spike to recent highs. AS always do your homework, assess the risk and position-size accordingly.