Blisscrypt0

Blisscrypt0

This weeks direction on gold, personal perspective though but lets see.

Blisscrypt0 Updated 

Having studied the market structure and chart patterns created, i have come up with this simple notion

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Thee chart is self explanatory with proper price action show here The LOW that created the most recent HIGH as breached which is now confirming a down trend

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Coupled with the fact that DXY has hit a significant resistance, it therefore normal for the EURUSD to start a good move upwards PS: This is of a higher timeframe view

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With the rates put in place by SEC then the DXY will soon start going down significantly.

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This token has formed a new LTF higher high signalling a good opportunity for long but if it does come down it will retest the white demand to clear liquidity, invalidates that and it's heading for the weekly support which is the blue line below

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The blue line was liquidity from far far behind and that blue line was held there was no candle closing below it Let us see how the daily will play out and if there is a reversal then we can be bullish for a short while before going down again

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Although news seems to be pushing this pair upwards, I am anticipating a downward trend confirming this pattern. Let's see how this plays out.

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My last publish on this pair before the weekend show the areas of interest since the new week just begun today then I can see some nice upward momentum Everything Remains the Same a close below the line would see this potential long invalidated a retest of the new zone will see me going to the market long with a tight stop loss

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Near is on the bullish movement not because it has broke out of the trendline but because it has a major corporation and so the fundamental analysis we have will actually affect it to move upwards so it is on my watch list from now till 2 weeks time. If it breaks the first yellow line then I'll have to be looking at it because that is my area to take long. The...

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The blue line has been relatively strong but I presume it's getting weaker by every retest worst case scenario if the blue line is broken then my trend line will be the next area of concentration

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If we have a candle Close above the Zone just below the 0.5 line or if we have a candle Close above 20500 then I believe October will be bullish although we will have a pull back which will serve as more fuel to push the market towards the 25k Zone before the end of the year

Blisscrypt0

It broke out and now no retest, it has good potential to shoot up till the next box, BTC might affect the movement if it starts going down drastically

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The weekly close would be very important, flip the trend and we good to go But all still depends on BTC movement next week Let's see

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An in-depth view of the structure let's see if it will break and target the next swing high if it doesn't break then it's going back to the low

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Let's see if it can hold my structure, flip the line and target is the next swing high

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As shown clearly, my structure was obeyed now if it flips that trend line then its going down if not all good

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I would be waiting for this structure to break upwards