i’d like to watch how the price will act after the rbnz rate decision and just before the us cpi release
4H candle formed a bearish engulfing pattern. i’d like to execute this idea during the rbnz rate decision
price started to correct and have almost filled the imbalance before continuing downside after boj statement
as the price kept the bull flag structure intact yesterday at US session. we’re gonna watch the price development at a smaller timeframe. as i’m expecting a bullish price action today
the price quite reacted to the strong resistance zone after touching all time high 2147 usd per troy ounce. now we are seeing the price corrective move is on going, while the bearish correction now pushing gold, it creates a bullish flag. me personally expecting a bullish impulse if cpi later this week is against us dollar. we need to put attention at 2007-2010...
GBPUSD had a clear broken bearish structure and the price was consolidating before the next incoming impulse. the high impact news would be the US CPI later this week. am gonna watch how the price react after retested the broken structure