Once again, we know the market is EXTREMELY BULLISH HOWEVER, especially now China has retaliated against USA Trade Tariffs.
*If last ATH highs are used as Psychological Levels in the market (3140 - 3160) was grabbed before +1000 pip move to the downside.
*We are now trading at the same price levels psychologically of 3246-50.
*This is a HTF Move Based on 1Hr Already completing its liquidity grab at 3210 an 4HR rejections at price levels 3240 an now 3227-30.
*This can Entice more sellers to step into the market
USD DXY
*Dollar is at key LOWS hence correlation between both pairs, I'm expecting dollar to hold these lows while gold Crash out for a bit.
*If Dollar do not hold these lows, America is likely heading for a RECESSION.
TRUMPS BLUFF HAS BEEN CALLED BY CHINA! EVERYTHING IS MADE IN CHINA....
*Anything breaks and closes above these levels, this idea will be INVALIDATED.
*Break an Closures below support of 3200 and 3187 will give way for a fresh wave of sellers to step in to push price further down to our exits at 3120, WITH POTENTIAL TO FALL EVEN LOWER.
Todays DAILY Candle Closure is very important. It Will Either Confirm or Deny what was said here.
-Price Action
-Fibonacci
-Technical Analysis
This is not financial advice.
*If last ATH highs are used as Psychological Levels in the market (3140 - 3160) was grabbed before +1000 pip move to the downside.
*We are now trading at the same price levels psychologically of 3246-50.
*This is a HTF Move Based on 1Hr Already completing its liquidity grab at 3210 an 4HR rejections at price levels 3240 an now 3227-30.
*This can Entice more sellers to step into the market
USD DXY
*Dollar is at key LOWS hence correlation between both pairs, I'm expecting dollar to hold these lows while gold Crash out for a bit.
*If Dollar do not hold these lows, America is likely heading for a RECESSION.
TRUMPS BLUFF HAS BEEN CALLED BY CHINA! EVERYTHING IS MADE IN CHINA....
*Anything breaks and closes above these levels, this idea will be INVALIDATED.
*Break an Closures below support of 3200 and 3187 will give way for a fresh wave of sellers to step in to push price further down to our exits at 3120, WITH POTENTIAL TO FALL EVEN LOWER.
Todays DAILY Candle Closure is very important. It Will Either Confirm or Deny what was said here.
-Price Action
-Fibonacci
-Technical Analysis
This is not financial advice.
Trade active
ENTRANCE: 3222.85EXITS: 3120 for +1018pips
SL: 3228.00 for -51pips
No partials being taken on this trade. Full position for TP or SL
HOLD TIME: 1.5 Week
Trade closed: stop reached
STOP LOSS HAS BEEN HIT. 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.