Near the announcement of US economic numbers, the pair GBPUSD made the Tower Top pattern at resistance. Which this pattern indicates The first buying force that occurred can net all profits there is no selling back in any way and the trading volume is very small (because the buyers are satisfied and the seller is satisfied) by observing from the 3 Doji...
We are looking for short this pair again after price 122.0 Are accumulation and boom! Imbalance zone for create the supply.
And little simple price action "morning star and hammer" at support when it mixed. It's double bottom for return the supply zone :D
Swing point the beginning of the month make we can identify the price point in advance with basic analysis
Noticed point is accumulation zone it happen to every level, It will be long or short it is nice setup. :)
The GOLD price improve after retrace about 1150.00 (Demand zone on 30 DEC 2016) general players are still waiting for SELL at some point
Have 2 entry points for this opportunity
If Trend is your friend, Supply and Demand is close friend :)
Most buyer push the market bullish from mid-April, even though price crossed supply zone but no more volume that could mean bullish trap or real bullish.
we should focus on this resistance level in the next 1-3 days.