AMD pattern formed on gold last week.
DXY last week, barely did anything. Apart from some fake buying on Friday on the search for liquidty so it can head back down. I would be surpised if DXY headed up again next week for long.
Here are a few places I am looking for rejections before entering. Only using the 10 minute and then Im in. Feel free to join me.
Actually got into this position today, price was struggling to create any proper momentum and I had to follow my three tests on my entry zone. Still think we could head up from here. Lets see if we can hold.
Potentially see some selling on GBP from this region. All dependant on how many people are buying and selling GBP. This looks like a nicep place to short from. I think we may see some sort of SR pattern alongside the capture of liquidty
Only entering Long if we reject the given region.
My personal view is GBP has been gaining contraction considering we are back in lockdown; purely because the DXY is a mess and the dollar is on its way back down to Daily Support @ 91.736. Causing GBP and EU buying. I would be surprised if the dollar created a double bottom from this region, but we can not cancel...