gold has been trending downward with respected swings and has now reached daily resistance zone of 1850. This area also is in congruence with the daily fib 0.618 its only a matter of time for the collapse.
daily downtrend with market structure in place i believe the smart money will pump the dollar causing eurusd to fall for continuation to lower numbers but only after the traps to the top side are issued
price structure and price action aligning well with this symbol I anticipate a retest to 1770 then from there a continuation to the 1800s if you feel my idea helped you in anyway please leave a like and follow for future posts also check out my past gold ideas links below
explanation on chart i believe smart money will dump around 150.80 zone but we are not quite there yet until then lets see how this unfolds next week. if this help in anyway please leave a like and follow for more future posts and updates 👍
1.1980 failure 3 clear denies i can see this falling to 1.17 in about 2weeks to a months time. stop out would be around 1.20 that's definitely a good enough level to be proven wrong because its a whole level double zero psychological level the drawdown would be minimal . See my previous related idea to this symbol link posted below price fell hundreds of pips from...
Chewy we have a predictable pattern along with a few other conditions and confluences in place to take a long. first we have a consistent pattern of the symbol rising 3 days than it fall for 3 days than repeats it is now due to go up for about 3 days of rise in addition to the range like 10 dollar zone being respected. good luck !