Downtrend
✅GOLD TECHNICAL ANALYSIS|SHORT🔥
✅GOLD broke the rising
Support and is falling inside
The narrowing wedge just
As I predicted in my previous
Analysis, and a further move
Down is possible, however
If a bullish breakout of the
Wedge happens, then we
Will become bullish on Gold
SHORT🔥
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DOW THEORY APPLIEDADA is showing one of the tenets of the DOW Theory. According to Dow, the market has three phases:
1) An accumulation phase
2) A public participation phase
3) A distribution phase
The accumulation phase represents informed buying of the investors.
The public participation phase is where the prices advance rapidly along with great news.
In the distribution phase, the same "informed investors" who "accumulated" near the bottom begin to "distribute".
Right now, we might expect a couple of months-long Accumulation Phase before any rally due to Public Participation.
For more information on Dow Theory, you can read "Technical Analysis of Financial Markets" by Johny J. Murphy
AUD-CHF Bearish Flag Pattern! Sell!
Hello,Traders!
AUD-CHF is trading in a
Downtrend and the pair
Has formed a bearish
Flag pattern so IF we
See a bearish breakout
Then we will be expecting
A bearish continuation
Sell!
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EUR-USD Local Short! Sell!
Hello,Traders!
EUR-USD has hit a resistance
Cluster of the falling and
Horizontal resistance lines
At around 1.104 from where
We are seeing a bearish
Reaction so I think that
We will see a further
Local move down
Sell!
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GBPUSD I Potential downside and important considerationsWelcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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AUDUSDA trendline is a line drawn over pivot highs or under pivot lows to show the prevailing direction of price. Trendlines are a visual representation of support and resistance in any time frame. They show direction and speed of price, and also describe patterns during periods of price contraction