A possible Longterm selling opportunity on XAUEUR after the false break and the retest (4h). In the daily and weekly timeframes, the WXYZ correction pattern seems to be complete on 78.6% Retracement area . *NB: On a daily chart there is a bearish engulfing candle and divergence on the RSI signaling high probability to the downside. COMPARE THIS WITH ...
There is a longterm buying opportunity on EURJPY after the initial impulse from the MM Buy Order zone
Last move to the downside before a Longterm reversal to the upside.
*MM Buy Order : Market Maker Buy Orders This a zone where the pair is likely to bounce off (before a trend reversal) which is a little lower than the 78.6% Fib Retracement level . Market Makers(Big money) almost always execute their orders at the best possible prices which is lower than and higher than the psychological and technical levels.