PHASE A,B,C AND D HAS ALL BEEN OBSERVED WHICH WILL UTIMATELY LEAD TO PHASE E. BUYERS ARE STILL PRESESNT AT THE LEVEL 0.7056 SO THIS WILL BE OUR EXIT Z0NE.(TAKE PROFIT) STOP LOSS = 0.7201 TAKE PROFIT= 0.7056
ON THE I5MINUTES TIME FRAME A SELLING CLIMAX WAS OBSERVED WHICH WAS FOLLOWED BY A BREIF PHASE A. PHASE B: DEMAND OVERCAME SUPPLY AS WAS REMAINED IN THE UPPER HALF OF THE TRADING RANGE PHASE C: THIS WAS OBSERVED AFTER PRICE FELL FROM AN OVERBOUGHT CONDITION BUT A CHANGE WAS SEEN AS SELLERS FAILED TO ESTABLISH THEMSLVES INDICATING THE LACK OF INTRREST FOR SELLERS TO...
ON THE I5MINUTES TIME FRAME A SELLING CLIMAX WAS OBSERVED WHICH WAS FOLLOWED BY A BREIF PHASE A. PHASE B: DEMAND OVERCAME SUPPLY AS WAS REMAINED IN THE UPPER HALF OF THE TRADING RANGE PHASE C: THIS WAS OBSERVED AFTER PRICE FELL FROM AN OVERBOUGHT CONDITION BUT A CHANGE WAS SEEN AS SELLERS FAILED TO ESTABLISH THEMSLVES INDICATING THE LACK OF INTRREST FOR SELLERS...
XAU/USD WENT INTO A TRADING RANGE ON THE 1HR/2HR time. Bearish bias was confirmed when price struggled to get into the upper half of the trading range, price fell into the buying zone and as a result buyers pushed the prices higher but still failed to overcome the selling zone seen on the 15 minute times which indicated a reversal. Price fell quickly and its...