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Trade is all about risk managment and patience. i do trade on behalf of supply and demand and pure price action
As yesterday we have seen over the FOMC market pushed higher then came lower immediately but price was failed to reach at weekly opening gap point then on Thursday market tended to go higher to fill orders in that gap. Most likely price will reach to gap point then drop aggressively towards sell side liquidity
IN WEEKLY CHART WE SAW AN AGGRESSIVE BUYING BY SMART TRADERS.
NOW MARKET RIGHT BACK TO BULLISH ORDER BLOCKS TO TAKE MORE BUYING ORDERS. AFTER THAT WE COULD SEE A BULLISH LEG.
DON'T ROLL OVER YOUR EYES FROM THIS PAIR.
Recent we see a break below in this pair.
right now market is trading in fair value gap level. we could see a retest the resistance line and it will down move to support level.
we recent see some price action candlestick pattern. but right above that high there is FAIR VALUE GAP exist. price is heading to that point and fill some short orders and sell off from that point.
Dont forget. right now market is just trapping retail traders.
DXY HAS BROKEN ITS TREND LINE BUT IT KEEPS HOLD ITS FIRST DEMAND LEVEL IF MARKET BREAK THIS LEVEL THEN FURTHER IT WILL DROP
APART OF IT US GOING TO MAKE SOME DEAL WITH CHINA SO IT DOESN'T SEEM TO BREAK THIS AREA SO DXY WILL BE POSITIVE AND ALL PRODUCT WHICH IS INVERSE TRADE WITH IT WOULD BE NEGATIVE.
IDEALLY GOLD MARKET HAS MUCH VOLATILITY BUT THINGS WILL BE AT THE END IN FACE OF DOWNTREND FOR GOLD.
AS TRUMP HAS ALREADY SPOKEN HE WOULD HAVE A BETTER DEAL WITH CHINA EVEN THOUGH HE DOESN'T WANT TO SEE HIS STOCK MARKET IN CRASHING PHASE.
NEXT WEEK WOULD BE FAR BETTER FOR SELLERS.
DXY ON THE WAY TO REACH ITS DEMAND ZONE
THIS DEMAND LEVEL HAS POTENTIAL IMBALANCE. IT BASES ON VERY STRONG BASE CANDLE.
SO USINDEX GETS TO THAT LEVEL.
WHEN AREA WILL BE HIT. INITIATE YOUR POSITION IN GOLD FOR LONG.
RIGHT NOW WAIT AND SEE SCENARIO
NZD/USD FOR LONG POSITION
IT HAS BROKEN ITS TREND-LINE EVEN THOUGH IT TAKES OUT FIRST DEMAND ZONE. FOR HAVING POTENTIAL IMBALANCE WE MUST HAVE THESE TWO CONDITION.
TAKE YOUR POSITION FOR LONG.
As UK having different news regarding Brexit. From Irish prospective brexit deal won't be finalized on 31 oct.
so investors are confused after this statement.
though technically market also in selling if it breaks 1.24600$ support.
