Nofomo
LONGS TO RESUME SHORTLY.bchusd is currently i a downward channel towards 420, once the resistance to that channel is broken, we should see price rise to 500. bear it in mind the news event at the end of the week may have some impact on this pair. trade responsibly and with proper risk management. always remember; 'THE MARKET WILL ALWAYS BE HERE' don't fomo.
Gold with the healthy pullback! is it ready to go bullish?I've been watching Gold lately looking at some nice Price action. It is looking like its in a good position to turn bullish but we need to see more before hoping in. The Dollar looks like it wants to be bearish but it has been in consolidation and not showing any strong signal of directions. We shall continue to monitor for some nice moves and maybe we will see a entry during London.
Bearish Momentum buildingLooking for my idea to play out but also trying not to be blind to my bias. We have news about to hit and it looks like it can send price bearish based on what has taken place during London session. if we can get a bearish break down for NY session today we might get 1 more solid move for the week.
GU pulling back for the Swing Drop?Looking at price action it looks like its setting up for a nice sell for NY session. It is currently London session, the VP is thin, the Delta is negative and price is still pushing up. Looking for it to test a FVG above the Asian range before considering if the sell is ready. Cautiously buying for now as this is a set up leading into a sell.