Break of structure downward to the nearest support level.
The Price is at support level right now. After the formation of an engulfing Candlestick or Pin. We can go long to 0.84600 where we have our pivot point. But if the pivot is broke and Candlestick closed above it. We take our profit at 0.84877. Thanks 🙏
Aslamu alaikum, everyone. If you look, we have a clear triangle 📐 pattern. We should wait for breakout from either direction ⬇️⬆️. Although, the volume of LONG Positions is about 94% while SHORT Position is 06% currently. Thanks 🙏
DXY is retracing and forming Penant Pattern we should wait for its breakout to reach Fibonacci 61.8 level.
1. The Price momentum is moving UP 2. The Dollar strength is weak 3. The Gold strength is high 4. Formation of ascending triangle. 5. Already in Up trend direction. 6. The Price tend to continue in its current direction.