SynapseTrade

SynapseTrade

Its no mystery that the DXY has an inverse mirroring relationship with XAUUSD. When DXY goes down, XAUUSD usually rises. The RSI for DXY has been bottom of the barrel for a long time now, and combined with a recent break in structure, due certainly due for a temporary rise, which doesn't bode well for XAUUSD in the short term. I placed my SL around 3,254 and TP...

SynapseTrade

Long term, XAUUSD is on the rise as a safe haven during these unstable geopolitical times. It is currently heading towards a good FVG in the area $2,911, presenting an excellent opportunity to go long up to the next FVG on the 15m chart

SynapseTrade

FVG on the downside being tapped by price right now, which has potential for a good setup for a short position on BTCUSD. Market recovered somewhat during after-market hours but it looks like it's likely to continue it's downtrend Indicator used: custom experimental SMC FVG finder

SynapseTrade

Once the price fills the Fair Value Gap - The price will be forced to continue the downtrend that is forming on higher time frames.