Price gapped down to a weekly FVG then traded upwards to a Daily FVG. Currently it seems like price doesn't want to continue higher. It's currently giving signs of using the Daily FVG as an iFVG to resist price lower.
A lot has happened over the past few days and the trade war seems to be intensifying.
On Friday we saw a blood bath which left $2.4 trillion dollars wiped out. Investors right now are trying to pull out their funds and we don't know what to expect next.
It might be a bad time to be holding trades, instead I would prefer trading the fluctuations.
At the moment I have bearish sentiments because of what the charts are printing on the Xauusd. I won't be engaging much because of too much uncertainties but I'll be glued on the charts to see what happens next.
A lot has happened over the past few days and the trade war seems to be intensifying.
On Friday we saw a blood bath which left $2.4 trillion dollars wiped out. Investors right now are trying to pull out their funds and we don't know what to expect next.
It might be a bad time to be holding trades, instead I would prefer trading the fluctuations.
At the moment I have bearish sentiments because of what the charts are printing on the Xauusd. I won't be engaging much because of too much uncertainties but I'll be glued on the charts to see what happens next.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.