My current active open trades: GBPUSD, EURGBP, NZDCAD, AUDUSD (option)
Silver – Key Large Corrective Structure Support Below, Bullish Bias (4hr chart)
True to form as we’ve talked about in our latest commentaries, silver has been stuck inside a large corrective structure for almost 1.5 mos between 19.25 and 21.
I’m maintaining my bullish bias ST while we are inside this structure. We are currently approaching a key corrective structure support level around 19.25 so this will be a major test for the bulls.
If this holds, then I’m suspecting a bounce towards 20.50 is in order.
GBPUSD – Approaching Yearly Lows, Expecting Structure to Hold (daily chart)
Post brexit the price action in the pound has been stuck in …