IT'S COMPLICATED TO EXPLAIN TO SEE HOW THE ZONE IS TRIPPLE TOP
If take a look you can see how the market is trying to make a demand on the lowest part of chart
I'M SO SURE THAT BTC GONNA FALL DOWNSIDE , I DONT REALLY KNOW WHEN BUT IT WILL...
The Oil moves so different, you must know that if USOIL GOES UP , USDCAD goes Down, why? so 'cause, CAD is one of the most countries that gave OIL. u can see it on the next website. babypips.com/learn/forex/black-crack
We have more than respected zone where each time we go to the topp the price artion respect the roof , and now we have a big probability to fall down
We have a lot of confirmations , EURNZD has respect the last LH where we entred and now we have another confirmation where we can reentry
The market is going down and make the new HL, AND IF we respected we gonna go high
There is two options, if we break de last hl we can make a new LL, but if we break the last HH , we can look for longs
Just taking the structure where we can see the last HL is respected and now where we wait the EHH
n our last analysis on GOLD , USD JPY , THE LAST HL HAS BROKEN BY THE PRICE M AND NOW IS WHERE WE CAN WAIT A NEW LL, AND NEW TREND.
LIKE I SAID ON USDJPY SHOULD DOWN AND XAUUSD GOWS UO GBPJPY SHOULD GO DOWN , WE HAVE SEVERALS CONFIRMATIONS, WE HAD USDJPY GOING DOWN XAUUSD GOING UP , AND THE MIST IMPORTATN WE HAVE A MARKET STRUCTURE AND 38% RETRACEMENT OF FIBO
Like I explained on the chartthe price has respcted 3 o more times the last LH , and that is our 38% where we have a directly negative correlation if USDJPY GO DOWN , XAUUSD GOES UP
Like I said on the last Xauusd if we brreak the last LH, Xauusd would do a new HH
Taking the structure is what it looks like, we dont have any trade yet, let's see the market how breath's and then we take action.
If we follow the trend is to easy to see that the Gold is on DOWNTREND, and before the push to the downside m we can see a little retracment to the last LH, if the price decide to respect the last LH, we can search for New LL, but if the last LH is broken by the price action we can see how the price gonna push higher.
THE MARKET IS SO CHOPP BUT WE HAD A LOT OF CONFLUENCES BETWEEN 1.74.17200 AND A BID RESISTENCE IN SO MANY TIMES , AND NOW SEEMS THE MARKET WANTS TO MAKE . A NEW DOWN TREND MAKING A LL AND LH
I tried to explain it on the chart , any question , write it down ...