As you can observe from the previous market it was characterized by downtrend which show there is more bearish strength than bullish as you can observe in subzones A, B and C though after the completion of zone C its where the buyers regain their strength which results to the reversal of the trend which may results on the formation of zone D and E but currently in...
XAUUSD Bearish movement in 1 hour TF (selling opportunity) due to the formed downtrend pattern which leads to completion of the second leg of the pattern
level A, B, C from the chart shows that there is strong rejection towards sellers over the market , also point D,E and F shows that sellers is trying to contorol the market but since the last point F is Broken this shows that the buyer in trying to push the market up therefore we can be able to experience zone breakout and the market will continue to be dominated...
This can be observed by the head and shoulder pattern formed which shows , there is possibility of completing the second shoulder which may indicates that the sellers are in control of the market.
GBPUSD BULLISH MOVEMENT this can be observed since the market has already broken the structure from the downtrend and turned to uptrend also there is high liquidity in the previous candles which shows buyers are trying to take over the market also this is supported by DXY which is turning more bearish for the coming few hours
