DXY formed a ascending price pattern which is more commonly used to determine if price is going to go bearish and in this case I looked at a few confluences which are Double top formation, three touch confirmation structure and previous daily candle rejection on the three touch structure, double top formation of price action thus seeing oppurtunity that the dollar...
After the Market Has Changed Its Direction from a downtrend to a uptrend the market moved in a upward direction impulsively and now in the correction phase to get liquidity to continously impulse to the upward direction, The Take Profit Is Placed at 90.100 price level I entered on a risk entry lets see how the market plays out. Thank you
On the 19th of April 2021I posted analysis on XAUUSD which I anticipated a Buy Setup To happen and with confidence in me the market reacted towards the anticipated direction. See the update of the setup of XAUUSD .....
We are g9nna wait for the correction move to happen till Price level 13000 and if price rejectsvand respect the new support which was previous resistance then we can expect a impulsive move to the upside!!!!
Third Touch has occured on the daily timeframe which gives us a confirmation that Gold will go long until previous support to new resistance and if the fundamentals work together with our technicals then we can have a clean move to the downside!!!!!
If Price Rejects the New Resistance which was previously a support then price is gonna fall the Same length of the correction thats the Sell Bias
If Price Breaks through the resistance which is currently the resistance if its broken it will become new support and we can see NASDAQ Buying Bias Taking Control
