@capitalmanagementservice: It’s good to be back! This is my analysis on the currency pair XAUUSD To begin with we can see that price is currently in bullish market structure as we are forming higher highs followed by higher lows. However we have just reacted off a strong resistance level within the market and seen price impulse to the downside GBPJPY is currently a very overbought currency pair and I do strongly believe we are due some downside trading activity. However as we are still bullish on the higher timeframes, if we are to look for sell positions, we need to be extra careful and take profits faster than usual I will be looking for a break of the current ascending channel to confirm my bias and looking for a correction to the upside to then look for a sell position. I will be targeting the double bottom at the start of the uptrend. ~ NB ~ This is not a trading signal or financial advice. Trading carries risk. . . . . . . . . . #technicalanalysis #passiveincometips #forexaccountmanagement #forextradingstrategy
