FMFXhonorable

FMFXhonorable

On the directional time frame, the daily time frame, market is over all bullish and we can see the accumulation before the market manipulation on the hourly time frame, now that market has retraced we expect a retest and another buy to take our sellers stops.

FMFXhonorable

Market is relatively going on the downtrend on the 1 hour time frame, we can identify a supplies zone where market is expected to retest and sell off. Additional confirmation is that during the creation of the supply zone we only had buyers in the market there for the buyers are exhausted and we expect the sellers to take over at that point.

FMFXhonorable

Gold is overall bullish on the daily time frame, therefore the daily high is being targeted, on the one hour time frame we can see and water block which is been validated with an inducement