Here's why.....
Recent $ strength has lowered price but long term HTF trend is up. $ is still in my opinion and recent moves up were simply a retest. Now heading down and pushing gold price up.
2791 pips downside for the $ predicted, hitting 16/12/2014 daily down Institutional Candle (IC) then reverse to the upside. This subsequently means 2791 pips profit for buyers in gold, possibly more.
1) Daily down IC signalled price will revisit
2) Daily Imbalance in Price Action (IPA) needed to be filled
3) Wycoff concept: accumulation spring = my entry
4) FIB from November low to early Jan high. Price touched 88.6 and confirmed with the open of Novembers daily down IC, (labelled 3)
5) Resting liquidity upside from sellers
6) Upside IPA
tp1 - 1875
tp2 - 19040914
tp3 - 1950
tp4 - 1985.791
tp5 - 2000
tp6 - 2050
tp7 - 2063.786
SL moved to 1795 for security
R:R = 171:0
Good luck and god bless!!!
Recent $ strength has lowered price but long term HTF trend is up. $ is still in my opinion and recent moves up were simply a retest. Now heading down and pushing gold price up.
2791 pips downside for the $ predicted, hitting 16/12/2014 daily down Institutional Candle (IC) then reverse to the upside. This subsequently means 2791 pips profit for buyers in gold, possibly more.
1) Daily down IC signalled price will revisit
2) Daily Imbalance in Price Action (IPA) needed to be filled
3) Wycoff concept: accumulation spring = my entry
4) FIB from November low to early Jan high. Price touched 88.6 and confirmed with the open of Novembers daily down IC, (labelled 3)
5) Resting liquidity upside from sellers
6) Upside IPA
tp1 - 1875
tp2 - 19040914
tp3 - 1950
tp4 - 1985.791
tp5 - 2000
tp6 - 2050
tp7 - 2063.786
SL moved to 1795 for security
R:R = 171:0
Good luck and god bless!!!
Trade active
Comment:
over 1k pips so far 🔥🚀