Well, if the trend is really bearish
, the corrective structure should be completed, but we do not want anticipate the market, and this afternoon is expected FOMC announcement (RISK EVENT). On the contrary, a daily close above 1.315, would nullify the impulsive movement ( bearish
). Our last setup (Long speculative) was successful (see below) and now we will monitor today's session to understand what might be the next dynamic. For us, it makes no sense
to take short position now, only because gold
is working a resistance, better to wait for a defined price action.
DAILY WAVES & OUR LAST SETUP
Thank you very much for your support and trade with care!