PHNTMTrader

PHNTMTrader

see chart to identify tp and SL

PHNTMTrader

There are fibs. imbalance, HH and HL, Market gaps. These are my reason to buy

PHNTMTrader

feel free to comment on my analysis and tell me if you agree or disagree. Market gaps always get closed on US30 so I am aiming for the close and it came down due to major buying pressure at the bottom which causes an imbalance of buyers in the market CURRENCYCOM:US30

PHNTMTrader

Trend is friend. Bounce off the median line in regression trend and resistance becomes support in 5 minute time frame along with fibs retracement

PHNTMTrader

Pitchfork and custom fib line up along with price action support to resistance conversion

PHNTMTrader Updated 

XAUUSD retraced down to 50% discount on the FIB from last down candle to last up candle. A visible higher low is also available on the chart. There is also an imbalance marked up on the chart that gold will inevitably fill in.