Overall EU is still very much Bearish, but still hasn't retraced to an optimal premium price level. There are imbalances to the upside noted here as "FVG" where price must be delivered buyside. In my humble opinion, the areas between the FVG, .79FIB and -OB is where I will be looking for entries for the major selloff. This could potentially be a swing/position...
Today I will be discussing my idea about Gold for the upcoming week of Oct. 9. In my opinion gold is in a bearish market for the time being. I am looking to take sells from the higher timeframe Weekly point of interest. I detail the level of price action I will be looking for shorts to begin the next leg in this bearish market.
In my opinion, GJ is bearish for the moment given the fact that there was a major impulse in price action on the daily chart that broke structure to the downside. In this video I share my ideas where I anticipate price heading in the short to intermediate term.
For this week, we're expecting EURUSD to keep its downtrend until Thursday where there is EUR Interest Rate event, which could be a catalyst for a Market Reversal on Thursday. However, from Monday to Thursday Morning, I'm expecting a continuation of the downtrend to clear last week's lows and potentially clear the low at 0.9860.