Looks like a good buy
Probable support zone
More downside can be expected
Headed for $135 soon
I know no one looks at a Monthly time frame forex chart, this pattern is called 'Mating Cup" and has a bullish implication
A classic chart which shows how long term trendlines work, how a triangle pattern works and what a bear trap is!
The blue arrow is at 61.8% retracement, zone is 24530 - 24550, an interesting setup on weekly charts
DM monthly -- was hearing news of huge derivatives exposure since a long time, wish i had seen the chart earlier
I nice bottom forming on weekly charts, this one is just waiting to scale higher!
There is news of buyback but the negative divergence is appaling
Looks like the risk/reward is in favor of longs
Has a bearish overtone, although there is no breakdown from the triangle pattern
In a rectangle, building options positions as of now, will add more on breakout/breakdown
German10Yr v/s Comex Gold
Waiting for a breakout!