GBP/USD short position, this is an intraday short based on a correction price structure on the daily chart, we know this because the GBP pair is broadly bullish in its overall direction
*The use of trend lines gives us a guided indication of "how the trend breaks" to initiate the correction to the downside
* candlestick patterns and an "M" form top were used for...
The US100 is primed for a possible sell off after it has retraced the 3rd wave according to Elliott, subsequently it is currently in its 4thwave. Price action is also adhering to Harmonicity it is progressively forming a bearish bat pattern which quantifies/ confirms the possible sell (entry position) which will move all the way down to complete the 5thwave before...
The XAU/USD pair has been in a clear uptrend since the advent of 2020, therefore I'd want to keep in line with the overall market direction
The trade idea I have presented is derived from the usage of trend lines to define the channel of the markets progression it also gives us an indication of how strong the trend or volume is by simply analysing the angle in...
