PipsbyPri

PipsbyPri

this is primed for a fall because it has formed a new lower low with news as a catalyst i do expect this to drop

PipsbyPri

Due to the broken structure of a higher high being put into place I am expecting longs eventually 1) looking for a previous low to be validated by a three push pattern 2) once validated going to look for a bullish leg 3) going to enter once there is a pullback into 20 EMA

PipsbyPri

1) wait yesterday's high of day to be validated. Can be validated by break out pull back into yesterday's range. Or immediate contact and pull back of the range 2) once high of day is validated I will be looking for shorting opportunities which will look like an engulfment or pin hammer 3) once first leg of short's have been achieved will look for a pull back into 20 EMA

PipsbyPri

1) going to wait for a third push into yesterday's low. this will validate the low and give us the double bottom required for a long. 2) Once low of day has been hit we will be looking for an engulfment pattern that will confirm our long bias 3) We will wait for movement in long direction waiting for a a new high to be formed 4) Once new high is formed, look for...

PipsbyPri

JUST A THOUGHT- NOT TO BE TAKEN AS ACTUAL FINANCIAL ADVICE... i believe that gold is doing a retracement to complete a break out of a triangle pattern.