There is a "narrow" candle just before a downward "STRONG" move! Since it took only "1 hour" for the price to pass through this prices, there might be still some inactivated orders there! Also some economical reasons has moved the market from the zone that might still be authentic. The price has perfectly gone far away from the zone. the Higher time frame is "...
Trend is Bearish regarding daily analysis. There is a broken zone around 1.2437 The zone was broken by an engulf which leads to a base and a DBD! The first shorting chance was around 16th of Jun. A new SR has been formed there A minor SR could be find a little lower of around 1.2342 Markets may fill the stop hunt of it. We see a compression in the bullish move and...
this is the only my own opinion. gold probably make retracement before continue going uptrend. or else we just wait for ani near by Snr to breakout.
daily still downtrend. im still looking for sell near resistance untill the price reach qml on h4 (engulfing on daily) this is only my own preference. share you thought below.. thank you
Potential Sell Setup on H1 timeframe after secret pattern was formed. Trade at your own risk. 1953.396 - Sharp Entry 1952.283 - 50% Entry 1951.145 - Early Entry Sell Zone 1951.14 - 1953.39 Suitable SL : 50pips TP 1:2 Risk Reward: 100pips
The price currently had breakout from current trendline. and now price is doing the retracement,, price have higher probability in daily to bullish trending.