Cleared lots of liquidity. Short term price action looking like bullish momentum is about to occur. Taking partial profit off at 1.3016 and will watch how price reacts. Be aware that high impact news for GBP is coming out during London session.
Price is respecting this trendline and I expect price to make a move to the upside
Price has been uptrenidng for some time. Price is finding support at the trendline as well as previuos structure. Price is holding this level on the shorter time frame.
Price has pulled back to the 78% fib and rejeted with a 1hr bearish engulfing.
Price holding nicely after an impulsive me. Why don't we long this baby!
Price has respected the key daily level .8900 after previously breaking this level on the daily. Price wicked into liquidity above the level and came back under the level showing that the sellers are still in control. I am looking for price to continue down to the next key daily level of .8680.
Selling this pullback on gold. Looking for price to continue its downtrend.
Shorting this level. Price closed bearish yesterday.
Looking at a daily chart you see that a daily bearish engulfing candle formed. After respecting the 117.57 level price created an impuslive move on the one hour time frame. After this happned I was looking for price to pullback and respect a key level. Price respected the 78% fib which was the conformation I was looking for to enter this trade.
Price broke structure on the hourly chart and is now showing signs of weakness after pulling back. Looking for a continuation to the downside.
Price closed below key level on daily and now Price stalled with a 1hr bearish engulfing candle. Sell this pullback.
Price respecting previous key level. Looking for 50 pips to the downside. Possibly more.
Price broke structure and looks like it wants to continue up.
Price has pulled back to a nice shorting level. Looking for continuation to downside.