1. Double bottom formation in a strong area of support 2. Vshape pattern formation on the 30min timeframe with price bouncing off 61.8 level of the Fibonacci retracement tool to the upside. 3. Price is anticipated to reach 1968.41 and collect liquidity from yesterdays High ahead of the news release
USOIL is currently trading at an area of support on the 4hr tf and has created rejection candlesticks. on the 15min price has created a CHOCH and is now forming HIGHER HIGHS. my target is a 1:3 RR
Gold has respected the yellow trendline with multiple touches in the past and todays high impact news pushed gold sweep liquidity till the levels of 1995 which saw the rejection and FVG (Fair Value Gap) which was marked off along with bullish engulfing candlestick pattern formation as my three confirmations. 1.Trendline retest 2. FVG 3. Bullish engulfing 4....
Gold has created an ascending triangle pattern creating a previous OB low at 1952 to 1948 that forced the price to create an upside liquidity sweep at 1987 and now the market is looking to break its previous low to make contact with the OB then shot high targeting 2010 mark.