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Textbook play Bearish engulfing on daily If this closes on next daily candle & breaks horizontal support short is confirmed

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SEE CHART

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SHORT US FUNDAMENTALS WILL DRIVE THIS PLAY AS BEARS BEGIN TO MAKE A MOVE 200D SMA RESISTANCE RSI STOCH BEARISH GOOD R/R

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61.8 RESPECTED 3 TIMES 200 D EMA RESPECTED HORIZONTAL SUPPORT PRICE IS LOW FOR A SOLID ENTRY R/W IS GREATER FOR LONG THAN SHORT IF PRICE BREAKS BELOW 200D EMA WE SELL

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61.8 FIB RESPECTED HEAVILY ON WEEKLY TIMEFRAME 200D EMA IS SADLY ABOVE PRICE WILL THE BUYERS COME IN BASED OFF 61.8 ? PULLBACK IS DUE, EXPECT BULLISH WEEKLY CANDLE OR DOJI RSI & STOCH CLEARLY OVERSOLD, NEED RSI TO START POINTING NORTH

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USD/ZAR LONG ANALYSIS SELF EXPLANATORY ON CHART -RSI PUSHING UP/ROUNDING NICELY -STOCH CROSSOVER IMMINENT/ROUNDING NICELY -HORIZONTAL RESISTANCE *ANALYSIS NOT ON CHART* -RETAIL SALES COMING OUT FRI 1/12 ARE EXPECTED TO DROP 0.4% FOR DECEMBER.. I FEEL THIS IS ODD AS SPENDING GENERALLY INCREASES DURING THIS MONTH AS IT IS "HOLIDAY SEASON" I FEEL THE ACTUAL...

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XAUUSD experiencing some volatility today as expected due to all USD news, especially NFP. I am waiting for a clear breakout to decide which way to enter, I do personally think i will be entering short due to the dollars rally which i think will continue 1. Main & Strong trendline support is holding -Waiting for a confirmed breakout on at least 4 hr or Daily...

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MY REASONING: 1- MAIN TREND LINE SUPPORT -GOLD HAS BEEN SUPPORTED BY THE MAIN TREND LINE FOR QUITE SOME TIME NOW, UNTIL A CLEAR BREAK ON A 4HR OR GREATER TIME FRAME IS SHOWN WILL ANY SHORT PLAYS BE CONSIDERED * I UNDERSTAND GOLD MAY LOOK LIKE IT IS CURRENTLY BREAKING BELOW THE TREND LINE.. I WILL RE ANALYZE WHEN MARKET RE OPENS AS I FEEL THE PAIR WILL GAP UP AND...

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MY REASONING BELOW: 1. MAIN TREND LINE SUPPORT -DXY IS BEARISH UNTIL WE GET A CLEAR BREAK & CLOSE ON A SIGNIFICANT TIME FRAME ABOVE RESISTANCE TREND LINE 2. FIBONACCI 61.8 -PRICE FAILED OFF OF 61.8 FIB AFTER STRONG ATTEMPTS TO TRY AND BREAK THROUGH -61.8 WAS ALSO CONFLUENT WITH THE RESISTANCE TREND LINE 3. ELLIOT WAVE THEORY - *WAVE THEORY EXPRESSED ON...

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PLEASE SEE MY REASONING BELOW (2 POTENTIAL PLAYS): 1.PAIR BROKE OUT UNDERNEATH STRONG CHANNEL CONFIRMING BEARISH MOMENTUM -CHANNEL WAS FORMED ON ABOUT 5/30 AND HAS BEEN HOLDING BUT HAS FAILED ON 7/21 -PAIR IS BEARISH IF LOOKED AT ON 4HR AND DAILY TIME FRAMES MAINLY BECAUSE OF USD NOT BEING ABLE TO BOUNCE BACK AFTER TRUMP 2(A) PLAY 1, RE-TEST ON LOWER CHANNEL...

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Hello All, I am happy to share my first idea with the community and hope to engage a lot more with you all in the future. This is a simple long GPB/USD call, my points for confirming this long play are as follows: 1. TREND LINE SUPPORT HOLDING FROM 6/21 - CLEAR, STRONG FAILURE ON FIRST TOUCH ON 7/11-12 - CLEAR, STRONG FAILURE ON SECOND TOUCH ON 7/20-21 2....