XAUUSD| inverted head and shoulder
THE PAIR IS NEEDED TO CONTINUE ITS SHORTING BUT IT MAY ALSO NEED TO RETEST THE LAST ZONES BROKEN AS IT TO REACH THE GOLDEN FIB LEVEL OF 61 WHICH MANY BUYERS ARE WAITING AT THERE SEE YOU IN THE DEMAND ZONE
THE PRICE IS EXPECTED TO BE OUT OF THE RANGING AFTER RESPECTING LOCAL RESISTANCE THEN FALLING DOWN TO SUPPORT TO MAKE ITS OWN DOUBLE BOTTOM AIMED TO REACH THE ORIGINAL RESISTANCE
The price is expected to respect again the resistance line as it to form new High low which will be Double Top shaped than can Be easily break the support zone which will simply allow it fall down or make an impulsive candles of short
The price is expected to respect again the resistance line as it to form new High low which will be Double Top shaped than can Be easily break the support zone which will simply allow it fall down or make an impulsive candles of short
PRICE MAY EXPECT TO SHORTEDN DUE TO FORMATION DOUBLE TOP AND CURRENTLY AT HIGHEST LEVEL OF RESISTANCE WHICH A MASSIVE SELLERS ARE WAITING TO SHORT IT AGAIN AND AS IT TO RETEST TO THE BROKEN ZONE
THE CHART SHAPED THAT IT MADE DOUBLE TOP WHICH IS CURRENTY AT PRVIOUS LEVEL OF SHORT THAT IS IS POSSIBLE TO SHORT
ITS TIME THT THE PAIR GO LONG SINCE IT MADE THIRD TOUCH OF ITS SUPPORT THERE FR WE WILL WAIT REJECETION ONCE ITS CONFIRMED WEILL GO FOR BUY
the pair will go for long after confirm its third touch trend line support area
fist watch the zones before you long the take necessary action
provides an opportunity for local trade inside of the Channel. Price was supported by 50 MA + Lower Boundary of Ichi Cloud. In case there is a confirmed breakout of Resistance Trendline then retracement to upward will continue and we can initiate a long position:chart_with_upwards_trend:. Setup will be invalidated if we lose the 50 MA Dynamic Support. In this...
pair neartly to finish the respecting previously support which is now converted new resistance due to breakout, therefore, I wish to touch the new resistance area then we sell it into the 2.1904 as a target
THE PAIR WILL GO LONG FOR A WHILE E TOUCH THE TRENDLINE RESISTANCE AREA