it's either you can use currency correlation as an indicator for your technical analysis for more clarity and this is another hack to double up quickly though
the main point is to make money not to lose it if you don't see anything that goes with your set up please stay away from the market
its quite obvious many traders would take a trade based on the orderblock they see but it shouldn't be like that there's order block confluence that needs to be confirmed CHECK THE CHART AND CONFIRM THEM 1) THE ORDER BLOCK MUST BREAK LIQUIDITY 2) THE ORDER BLOCK MUST BREAK STRUCTURE 3) THE ORDER BLOCK YOU ARE CONSIDERING MUST BE INSIDE THE ORIGINAL ORDERBLOCK...
This how i see gold for me gold was in a long term corrective trend so usually any channel decending will make price break north and if price is acending price breaks south so i strongly feel like gold will sell for days or weeks then bounce up and it didnt give me any third touch on my upper red trendline and it didnt make any third touch on my downward bred...
THE MARKET IS UNPREDICTABLE IT WONT ALWAYS MOVE BASED ON WHAT YOU THINK BUT IT WILL MOVE ON SPECULATION OF PRICE IN A MANNER I THINK THE MARKET MIGHT RETEST AND SHORT
well i actually predict a sell though since well it created a fake out towards the broken resistance what do you think drop your thoughts?
WELL I CANT SAY IT IS AN ACTUAL BREAKOUT BUT I PREDICT A SELL HERE? WHAT DO YOU THINK?
WIll CAD break the resistance or the zone will be manipulated ? well emotions at this case might wanna make you to take a trade but how the zone got manipulated before can create fear to take a trade but my advice better wait for confirmation
PSYCHOLOGY PLAYS A PART IN THIS WHAT DO YOU THINK?
I CURRENTLY FEEL LIKE NAS IS GOING TO DROP A BIT AND GO NORTH AFTER DROP YOUR COMMENT BELOW
PRICE BROKE IT MIGHT RETEST OR IT CAN BE AGGRESIVE OR FAIL
this lil consolidation can be a lil bit risky if your analysis is very basic
GOLD BROKE OUT OF THE DECENDING CHANNEL AND IT IS GOING NORTH BUT THE WAY I SEE IT, IT WELL RETEST A BIT THEN CONTINUE WITH THE UPWARD MOMENTUM BECAUSE THE WORLD IS FINDING BALANCE WITH THIS VACCINE THINGY PEOPLE ARE ARE VACCINATED THEY WILL NO LONGER WEAR MASKS SO I FEEL LIKE GOLD WILL FIND BALANCE WITH THIS ANNOUCEMENT
I FEEL LIKE PRICE WILL TOUCH OUR PURPLE RESISTANCE AND CONSOLIDATE IN THAT AREA BECAUSE PRICE HAS BEEN RISING UP FOR A COUPLE OF WEEKS AND AFTER CONSOLIDATING IT WILL BREAKTHROUGH THAT AREA AND GO NORTH
The GBP/USD will short because it will hit a resistance that failed to break a couple of times although the resistance is weak it will still short for a little moment so it is a high properbility trade for Scalping not Long term trades