Seemingly oil has run into the supply area via profit booking. The traders are reducing short risk exposure and are likely to enter for continuation on a pullback. The fading short setup looks valid at this point. However, in the context of the recent price action, the probability of this trade is not the best that we could have.
This is how i made my calculations and drawings on the idea i sent earlier to short EURUSD. Follow me for more information and more signals using Gann theories.
You can sell but in 7 oct 2019 time zone. this time is the reversal for GOLD.
Update chart from linked idea. LTCBTC been put on the ground rolling in dirt for a while now. A nice bounce is expected soon.. enjoy! Cheers, Keops
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Long to 1523 then go short to 1469.46