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Forexmentor

My thoughts on gold 19th Dec 2022, Setup 2Since in order for the exchange rate to buy higher, it must first drop lower in order to buy at a discounted price. It's everyday simple business law. Therefore, in this case gold might retrace to fill the 1H void in price then perhaps rally from the fair value gap or the order block. However, I consider this a riskier trade as opposed to the short setup because of the pool of liquidity lying below last week's cluster of lows. APPLY PROPER RISK MANAGEMENT
FOREXCOM:XAUUSDLong
by JayForexAcademy
DXY 15th Dec 2022 short setup updateOne of the things I've realized in the years I've used this strategy is that price will 98%+ of the time respect my entry zones even though go in my speculated direction. When you see that happen it means that such zones are special and are also known to the market makers. Price has been consolidating at the supply zone I identified yesterday on DXY but it's not showing impressive bearish momentum so I'll leave the decision with you. That is to either close or keep holding. I also want to thank you all for following me and helping me increase my reputation on TV.
TVC:DXYShort
by JayForexAcademy
NZDUSD RESELL UPDATEI had marked that particular zone as a potential resell zone two days ago and it activated but there is no presence of market makers. Instead price is consolidating which means that they are accumulating retail traders entries to act as engineered liquidity for their large positions. So when they have enough retail traders positions they'll most likely spike price upwards or downwards to take out stop losses then rush price in one direction. So if you took my setup it's advisable that you exit or secure your profit. THIS ANALYSIS DOESN'T GUARANTEE PRICE MOVEMENT.
Short
by JayForexAcademy