After absolutely melting previous 3 sessions by also liquidating a important area on the cycle (Year Lows at 1.75000) it's time for a long liquidity grab at the hod hopefully however im taking 70% profits at the current London Highs 1.75877 due to the bearishness of the pair. LFG!!
The current 4 Hourly Body Closure Low of the week was retested today NY session. See the pinpoint precition and closure above it's clear under my system that money was taken from intraday buyers holding a long trade.
I firmly believe GA is ready to rocket from here. Let's see what happens. Great R/R tho
After clearly smashing my previous Gold Intraday target (Prev week highs) Im seeing a possible continuation for this week cycle into the current LOW (Low of the week). Looking for a retest into my level to short this commodity again! LFG!!!
Just a good idea( with the help of Sampdm8 , respect! ).
Will track it for a while for fun.
This is a Descending bullish Triangle.
In bullish markets,
while being formed as a correction(always)
relative to the global bullish trend,
signals about the PARENT trend continuation,
i.e. the previous movement continues...
not vice versa!