on completion of the triangle, price should break below and also watch for a re-test before entry. be careful of price spikes so you do not get wiped out. Could be a profitable trade such as the long from this whole week. RSI DIVERGENCE also acting as an indicator for this short
PRICE REACHING FOR THAT 0.99360 AHEAD OF THE NEWS, COULD BE A POTENTIAL HIGH PROB TRADE.
LIQUIDITY GAP FILLED, NOW WE CAN ASSUME PRICE WILL CONTINUE LOWER. PRICE IS GOING UP FOR THE SHORT TERM, YOU CAN PROFIT FROM THIS MOVE AND YOU CAN ALSO WAIT FOR THE POSSIBLE SHORT NEAR TERM GOING INTO NEXT WEEK. PRICE ACTION IS KEY SO BE AWARE AS ONCE AGAIN MAJOR NEWS THAT MOVE THE MARKET AND ACTIONS OF BANKS AND LARGE INSTITUTIONS SO YOU DON'T GET CAUGHT ON THE...
PRICE TESTED THE SUPPORT LINE ON THE DAILY, ANOTHER RETEST OF A BULLISH OB ON 4HR AND JUST WAITING FOR ANOTHER LONG ON A RETEST OF A BULLISH OB. HARMONIC PATTERN COMPLETION WILL MEAN A SHORT, WATCH PRICE ACTION CLOSELY ESPECIALLY AS WE ARE WAITING FOR THE NFP TOMORROW
GOLD LONG TERM ON DAILY IS SHORT, SO STICKING WITH THIS PREMISE IN MIND I AM LOOKING AT THIS VERY CLOSELY, ESPECIALLY AHEAD OF THE NFP. USE PROPER RISK MANAGEMENT IN ALL YOUR TRADES, IT'S BETTER TO EARN A LITTLE WHILST LEARNING AS THIS IS A NEVER ENDING LEARNING GAME.
I would like to see price fill in this liquidity void/gap as it has already filled in half of it, watch out for stop raids as price is reaching for this level. ALSO WATCH FOR INSTITUTIONAL RAIDS. THE SUPPORT ZONE WOULD BE A GOOD AREA TO LOOK FOR LONG'S AROUND 121.662.
WAIT FOR A REVERSAL BEFORE GOING SHORT AGAIN, AVOID CHASING PRICE AND LET IT COME TO YOU, IT'S EASIER FOR YOUR EMOTIONS AND YOUR ACCOUNT. POSSIBLE SHORT ON REVERSAL AT 0.68034.
harmonic pattern on the daily, order block is where i am going to aim too short this with other bearish signals, such as RSI being oversold.
as the AB=CD pattern is complete, i am expecting price to go back higher to the 10079 level
breakout below the down trend line confirms entry on a lower time frame after retest and also a potential head and shoulders pattern on the Daily time frame, which means price will break down lower.
correction occurring and once its going back down after testing the prior trend-line aim for the support line on the Weekly frame 105.397 and entry on a lower time frame
potential AB=CD pattern formed and as it is complete I am aiming for it to go higher and breakout above the downtrend line. aiming for the 0.618 area
potential ab=cd pattern and also watching for a breakout above the trendline
potential ab=cd pattern and also watching for a breakout above the trend line using good MM and entry on a lower time frame with good price action
INVERSE HEAD AND SHOULDER PATTERN AND ALSO A RETEST OF THE NECKLINE WITH PRICE TO GO HIGHER
POTENTIAL AB=CD PATTERN FORMING AND ONCE COMPLETE WAITING FOR PRICE TO DROP DOWN LOWER AND ENTER ON A LOWER TIME FRAME