Chat explains near enough everything - Trading at market resistance - Clear LL + LH's forming on Gold - Gold trading in overall bearish cycle expecting more net shorts. - Double top formation - Bearish engulfing + inside bars - For confluence Ma's crossed to the downside
Descending trend, market consolidation... potential reversal a break of the trend aswell as consolidation zone MA's Crossing to the upside showing potential for bullish momentum Targets @1.49
AUD/NZD - SHORT 1. 1.07 market showing clear bearish indications 2. LL + LH's being made in the market 3. Broke and closed below 1.049 retracement back to be previous structure resistance 4. Fib lines up with weekly area 50.0% 5. Lines up with trendline resistance 6. MA's Crossed to the downsides 7. Hanging man formation shown giving us the signal to go short.