Gold is still inside the bearish trend we know the rules we need to flow with the trend
Nasdaq is still in the bullish trend so if you do go short it will be scalp trade
As we still in the significant area which is the Resistance we looking for selling opportunity cause the price are still inside the descending channel, but once the price broke above turn the resistance to a support that where looking for Buying Opportunitys
Gold a lot can happen but gold is in the bearish channel we looking for sells to confirm that is double top reversal pattern , in H4 we saw H & S pattern the high chance is selling opportunity less than buying opportunity
The main channel is Expanding channel inside the main channel we have Descending channel inside Descending we have another Descending channel in the end of this channels the price is forming reversal pattern which is Double Bottom, so we looking to go long ( Swing Trade) to confirm our Buys is to wait for the price to break above this two Descending Channels to...
Selling opportunity this pair has the same structure with gold they are printing same continuation pattern
Set up look good for buys after we hit the diagonal resistance price will reverse to thr down side
As we can see guys price broke the main trend namely Descending channel , so as the price broke above we looking for Buying opportunity to complete 90% rule of the main trend Note that NASDAQ is the Bullish market
Nasdaq I sell the bullish flag represent the bullish movement , we expect the Double bottom before we go long
They swing trade we reach the top and it a third touch we gonna go short
We looking to go bullish as ger30 confirm the bullish momentum
Nasdaq is still bullish it broke outside bearish trend, Note that Nasdaq is a bullish market we all agree on that but the are those par time sells that happen are long the bullish movement So last year March Nasdaq was starting to pick up the buying opportunity ,if you gonna look closer now Nasdaq is printing the same structure that was printed last year March
As we know Nasdaq is a bullish market now price is printing the expanding channel ( continuation correction) so we looking for buying opportunity's
In the market we have to predict the future by identifying Probability and possibility, so our high probability is Buying opportunity's and the possibility is selling opportunity's cause we reach the low of the trend and DXY confirm to be weaker Make the XXXUSD Pairs to be stronger Bear in mind the overall direction is Selling Opportunity's
Gold is in the bullish momentum we expect gold to turn between 1974 & 1963
Price moving in the expanding channel so we reach the low we move to the top so on us30 we gonna looking how the price react
Price broke out side the bearish channel so we looking for the price to push feather more up
As I alluded on the Dollar index analysis every pair start will USD will be selling , USDCAD have a long term sell