GlobalForexZone

GlobalForexZone

We will be entering a 4th short position as soon as GBPUSD breaks below the support level as we believe is DXY strength

GlobalForexZone

We wilö be shorting the EURUSD again as DXY continues according to our bias

GlobalForexZone

Gold has reached lows of 1698's and doesn't seem to stop falling from here.

GlobalForexZone

Because price is in a overall uptrend, we might see Gold still push higher as on the Daily timeframe, we have a potential breakout and retest of that breakout level. On the smaller timeframe as shown above, we have a breakout and retest of the broken trendline and previous support level to lock in sellers. We might see selers getting trapped and price push higher.

GlobalForexZone

As you can see, we broke a resistance zone that was holding price in for weeks. We saw a stop loss hunt of sellers who shorted at the resistance zone . We might see price either retest the resistance zone and continue it's way to the upside or we might see price just dropping below, and taking out potential buyers that will enter the market at the previous...

GlobalForexZone

I'm buying this as we saw it get retested below and now coming back up.