The yellow metal has been correcting in a nutshell, where we were expecting move in any direction to give us the next move in the opposite direction. We ws neutral now i have shifted bais to Longs as price has pushed to the upside and is forming a stand out bull flag to least test thr upper trendline. There enough profit to be made in just that intra move and...
Breakeven was the outcome of our Longs on the yellow metal, this is because price is still in a nutshell and market can always go either direction, I'm now neutral on Gold as i wait for price to show was clear signal
I @forever1_a_student has gone long on gold and would be holding this position untill price hits my rayline. I advice we wai for another correction before we take the next long position. And just like my previous post on Gold we LONG
Pound yen is looking interesting From the HTF down to the LTF, I @forever1_a_student would personaly be waiting for a break back into the intra hour high followed by a bearish Flag to go Short
GBPJPY has made a run squeezing into this ascending channel, a full 4hr bearish retrace may be a Short signal for seller, but most importantly a bearish flag would complete a move to the rayline and probably the beginning of the ascending channel. I highly recommend we paitently wait and get a signal from the market
Looking at the pound yen, There are tecnicals invoving that the yen has squeezed in enough and my break to the downside to similar momentum which it has used in the uptrend,
What we would keep in mind is the market is a master of opposite momentum (this means that the market acts as a mirror) This means when we have an uptrend that has completed a run squeezed in...
XAUUSD, GOLD has been in a nutshell correcting after a retrace to the downside, but price hasn't tapped the ATH, inside this nutshell price needs to give us a clear direction on where we re heading to, a push to the upside with momentum will see price coming to the downside to similar momentum to tap into the daily rayline, this as short term move (SHORTS) and...
