rejection here creating a lower high can push us30 on down dxy is trying to make a nice move up b4 nfp also if you trade btc be careful there could be a nice drop coming as well
nice retest of a 4hr area price is holding here trying to create a lower high if dxy keeps pushing we can see a nice move down
so lets talk about dxy here number 1 dxy is a a trendline also bearish order block also last time equal highs was made and this area has perviously been mitigated so i expect a bulish push here to my next oderblock aka liquidation b4 dxy tries to make any movedown so im looking for dxy to head to areound 112-113 area
break of structure happening here close would be confirmation also dxy bears are in control right
so where here at a very crucial area where we have to pay attention market a bit choppy from news a few hrs ago now overall trend is up on the daily but dxy has been so bullish last few weeks so this pull back was much needed if these lows hold "110.400" we can see up move now if that low breaks down we can see dxy test 109 soon so all eyes on deck
this is just me posting this chart for some reason it had it split and couldnt see much but refer to the last gold post short term bearish to retest that breakout area and buyers should come back in to buy back up to that high if previous resistance is broken now support now if we dont get a bearish push here that means gold pushing 1700-1710 area fairly soon
now we got that break of that last lower high gold is at a major high so to confrim that bullish push im looking for a retest back to the breakout area if it holds a push to my daily point of i is what im aiming for a break down under that would trigger a trend continuation to the 4hr point of i
oil is at a key key level here we did get a bullish break of the trend line but its right into a key level so price has to make a decision soon overall trend is down but oil did hit a major low on that up move so if this level holds we can see a move back down to atleast fill that gap around 80$ now if price breaks above here we can see push towards 86$ level b4...
so short term bulls still in control until that high low is broken around 1660 price didnt push to the high i was looking for it to reject so im looking for sells up there as long as structure holds a push above 1775 puts 1785 in view right now im just waiting for market to tell me the next move
since market opened oil gapped up into a bearish order block on the 1hr, 4hr, and also daily. The trendline also still holding under the last lower high so even more confluence im looking for a nice move down it could retrace after filling that low or just keep pushing down since bias is still overall bearish
lower time frame bullish pressure is on but higher time frame trend is still in tact anywhere between here and 1664 are valid entries you will most likely get a decent amount of chance to get a good entry when the market start to push down ill be looking to target that 1630 level main thing now is some lower highs being formed a break back below this structure...
gold setting up for a nice size drop once we get a confirmed lower high here first area you want to look for a rejection is around 1643-1645 area a break of that going to push to the other take profit areas at the next ob level as long as dxy bulls still in play this can drop
amazing setup here confirmation on the 1hr as well ,rejection off this bearish ob and a lower high was created meaning we should see some trend continuation to the down side
still havent got the trendline break lets see what the next level does there bulls are in control at the moment would be best to wait for some higher lows 4hr still saying a down trend but up move still present right now