hollowbanks412

hollowbanks412

I anticipate sells down to the low coming of a pullback which has most likely finished and price is ready to return to the downside.

hollowbanks412

Finishing up this week we can see price is wanting to initiate downside liquidity. With the Cot Reports coming out Tuesday and release to the public on Friday evening leading to promising sells due to the Nasdaq investors and institutions have a heavier number in sells than buys. Not to much of a difference with the Bulls being 15,662 & 16,145 in sells. With the...

hollowbanks412

As we can see with the last trades NFP price has not created explosive moves on USD pairs until Monday and Tuesday this week. As far as this pair the CadChf has showed exhausted bulls. Price had a 0.78131 high back in May this year but the trend wasn't established until price decided not to break that high coming short of the high making a lower high at 0.77980...

hollowbanks412

With the bullish run we have been on since 10/22/22 price is in a need of a pull back possibly a correction if price decides to break the zone, we have a strong supply at 1648.80 and with NFP coming out positive we can only expect that a consolidation this early could lead to a powerful move. I went with a higher stop loss do to the fact that on the last post had...

hollowbanks412

Price has been making lower high and lower lows, grabbing order from breakout traders and after the FOMC release banks rode price up to grab more orders before shooting price down to continue its downtrend.

hollowbanks412

As we come early into London session we see that Gold has reached an 1 hour resistance and targeting a recent low. The resistance level for this trade is @ 30414.75 and we set a takeprofit around the 1659.38 area.

hollowbanks412

Price has met a 1 hour resistance level @30414.75, price action has downside candle printing in a selling manner after a huge pullback. Us 30 looks to go back down to make a low and continue it bearish trend.