I'm waiting for DE30 to retrace down to around 13500 because of the strong support zone then buy.. if failed i'll wait for price to enter into the weekly OB then buy.
(M): On the monthly TF, price has managed to break through the TSH signaling a buy. So I expect price to be drawn up to 0.78049 before it is rejected.
There's also previous equal highs on the monthly timeframe from years ago that can be gone through if price continues moving up
but because we're going to enter at lower timeframes, i suggest you wait for a...
The overall directional bias of XAUUSD is bullish, but for today, two scenarios are likely to occur here.
1. We can expect a bullish movement during the London session going through 1879.800
OR
2. We can expect price to fall down to 1830..
If you're a patient trader you can wait for the london session to run then join the market depending on the case.
DXY has successfully filled the gap formed in September.. Price has retested the low formed therefore We now expect a change in the direction of the market price as well as a break of the trendline above the price, aiming for the area of liquidity above the previous month high.
We may see GU forming a head & shoulders if it retraces collecting orders for a further buy, moreover, if it drops lower than the precious swing low, we may see the dollar gaining more strength.." what i low key want to see... "
if you'r'e looking into a S&P long this upcoming week, then i suggest you wait for a retracement (aleast 50 ticks) in the first two days of the week before you can take your trade.
