Simple analysis for Gold to continue dropping to the Supply Zone @1828.
1. Breaking Support once again @1838.50 Closing below it and rejected afterwards.
2. Retest and rejected.
3. EMA's Acting as resistance both (9&21) Keeping the sellers momentum strong.
4. USD seems to possibly gain strength showing signs of reversal for EURUSD and USDJPY. Giving...
Going to be shorting EURUSD.
1. Closing below 4HR Resistance of @1.21400 getting rejected and believing before it goes up we must hit the demand zone which would be @1.20500 before New HIGHS.
2. Broken 1Hour Support @1.21255 and rejected it as new resistance afterwards. (I should have waited for a double rejection to have a higher probability...
Going to be shorting GBPAUD to to the next major Support level of 1.78500. 📉
1. Broken 4HR Dynamic Support (Continuation to the downside)
2. Broke strong support of 1.80000 and continued getting rejected with long wicks on top (Bearish Sign)
3. Getting rejected off the EMAs in the 4HR TF showing sellers stills in control.
4. Waiting for the break...
Entered a short position on GBPUSD with a small risk of 16 pips and 55 pips of rewards 3.4 RATIO. 📉
1. Broken Support in the 4HR TF.
2. Staying below both 9/21 EMAs showing sellers aggression.
3. Closing below all 4HR EMA Ribbon which has acted as support November 4th but just now broke it.
4. Numerous rejections at 1hr resistance @1.33800. Showing...
XRP is currently forming a Symmetrical Triangle pattern. 📈 Which are forming Lower Highs & Higher Lows.
🤔 What I expect to happen in the next following week is most likely an impulse either to the down side or up side. If it does manage to break out to the top side following up with the Higher Lows I expect the XRP market to continue making highs to the next...