EG analysis
*formation of symmetrical triangle with a bearish bias
*price found resistance at the July 2023 high at the Orderblock (0.87026 - 0.86876)
*candlesticks indicating bearish momentum since 11/8/23
*on 15/8/23 price broke the bullish trend line from 12/7/23
NB/ price is currently in oversold territory (I.e., 30 on the RSI). Wait for correction and...
XAU analysis
* Price broke out of bearish channel which took shape between 10/5/23 - 18/5/23
* On 23/5/23 price formed a FVG (Fair Value Gap) @ 16:00 (GMT +3) on 4H TF
* BOS (Break of Structure) occurred as price failed to close below 1958.879
* Price ranging between BOS @ 1958.879 and 1980.695
* Candle sticks indicating bullish momentum since forming the last LL...