PRICE FOLLOWING CLEAR UPTREND BACKED UP BY FUNDAMENTALS, NEVERTHELESS, WE SHOULD BE CAUTIOUS WITH A UPTREND BROKEN BECAUSE OF THE STRONG RESISTANCE FACING ATM
GOLD IS ATM TRADING ON A RANGE AND IT HAS ALREADY DONE A SUCCESSFULL BOUNCE ON SUPPORT LINE, IN H4 THIS RANGING ENABLE US THE OPPORTUNITY TO RIDE THE BULL HOPING FOR A HIGH TIME FRAME RANGING MARKET CONTINUE WHILE ON THE LT WE CAN RIDE THE TREND
AFTER A BIG UPTREND THAT WAS BROKE WE HAD A HUGE RETRACE AND WE EXPECT TO GO DOWN EVEN THOUGH THE MOMENTUM AND OVERALL BIAS IS BULLISH, WE ALSO MAY EXPECT A H&S THAT WOULD CONFIRM OUR SHORT AFTER THE NEW H4 UPTREND LINES HAPPENS TO BE BROKE
WE SHOULD BE EXPECTING THE BEAR FOR THE PAIR BUT WE NEED A RETRACE BEFORE ENTERING SO THIS WAY THE PAIR WOULD BE FORMING A HEALTHY BEARISH MARKET STRUCTURE
OVERALL DOWNTREND ON THE EURODOLLAR OPENS THE WAY FOR A HUGE SHORT NEVERTHELESS A RETRACE COULD MARK THE MARKET STRUCTURE BEFORE THE DROP SO THIS RETRACE MAKE US ABLE TO BUY IN LOWER TIMEFRAME FOR A QUICK 60 PIPS BEFORE MAJOR DROP
