


TheSoupTrading
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since Nov 12, 2020
chartpattern
forex
fundamental
indicator
trendanalysis
xauusd
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the current consolidation has stayed within my support and resistance lines. Seems there is a formation happening... possible downtrend to my major support line at 1850?
1
Here is my chart and I feel the market will continue this uptrend respecting My support line at 1850. . . Id love some feedback. I'm still new and I'm always looking to learn.
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Using the Fibonacci Retracement and focusing on my fundamentals i just want to confirm my thought process is correct and I'm using the tools correctly.
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From my indicators it appears to me that the trend line and Fibonacci percentages show we will be continuing the downtrend. I entered will a sell and would like some feedback on this.
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