MrBlackSheep

MrBlackSheep

After a successful sell in our community at 2719-2726 , today we are presented with a tough perspective due to the fact that now the current market price is entangled between the Supply and Demand Levels of H4 & Daily indicating a market cool off scenario entering a passive sideways. So best strategy for today is to let the eruption of the market happen first and...

MrBlackSheep

As you can see on the previous analysis, whereby a forecast was sent on the projection of a Bull Run to Re-Test the TRUE SUPPLY level. We can see that the theory is now in action, what we are waiting for now is to see whether 2686.79 can bring us the Short we are looking for of at very least 1:2 RR

MrBlackSheep

As you can see from the analysis above, in order for XAUUSD to continue on a downtrend, it needs to test the sell level in the picture above and activate the TRUE SELLER in the market. Risk to reward is a minimum of 1:4 , enjoy.

MrBlackSheep

Based off my sentiment and SOP , i foresee a heavy sell for a solid 60-120 PIPS from the level of 2685.61-2685.91