Nas retested in a major support with a false breakout and then it started formulating a flag inside the Head and Shoulder pattern. Its 60% buy and 40% sell. I will confirm with the momentum of candle sticks once approaching my ZONES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The market is consolidating but we can still experience some upwards movement from gold only if it gives us some sort of pattern and breaks our resistance trendline
GBPUSD is showing signs of reversal, my entry point is early though as the correct entry point is on my first tp which will be crossed the following week after next week and that doesnt mean we shouldnt capitalise from the market.
If price breaks the buy or sell zone with large momentum its a buy, if it loses momentum around the area expect short sell before reversing. Overall movement is UP!!!!!
I think this might be the beginning of a reversal from NAS, if it arrives in my buy or sell zone with huge momentum is a buy but if it lacks momentum around that area it will be a sell because of the head and shoulder pattern formation, it will sell until formulating a double bottom before moving up. This weeks momentum is UP!!!!!
Nas broke the recent higher low on the bigger timeframe, so we waiting for it to retest on the resistance to enter buys, it may happen before or during the NFP. the overall movement is UP.
price created a head and shoulder pattern on lower timeframes meanwhile its rejecting the resistance on higher timeframes. selling opportunities will be evidence once the neckline is violated.
GBPUSD is now rejecting the support it created months prior. it has formed a double bottom on the lower timeframes- 15 min and 1 hour, if it closes on the bullish candle, we MUST anticipate buys the following week.
