Pattern meets the requirements to complete the bullish structure accordingly, right now I am waiting for a bearish retracement before I go long on this one
GOLD is experiencing a small bearish reversal on the H1 graphic , as soon as the 1336 level is broken through I may sell till 1332, D1 is still telling me the TVC:GOLD market overall is bullish
Bullish pattern continuation, estimated range of 340 pips may take from 10-12 days based on the cross's ADR
The USD is pretty strong right now, I am making this projection based on my system as well as on the structure I see the market has which is bullish at the moment OVERALL,
If the FIMATHE 50% level is broken through I buy
if it breaks the neutral zone downwards I go short, if it breaks the 50% upwards I go long
I see this cross really overbought , it may sell but once again I am not selling unless it breaks through my neutral zone with strength and I may go long if it breaks the 50% downwards and then upwards again
this cross may sink a bit more before trying to pop back up
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H&S's pattern on the H1 chart , very likely to happen
The chart speaks for itself
Depending on how the market breaks it thats how we react
like always, waiting for a break out of the 50% level upwards (to go long ) or a breakthrough downwards of the neutral zone to go short
if it breaks through the neutral zone downwards again I go short if it pops out of the neutral zone upwards and hits the 50% level I go long
50% has been broken through upwards, I am buying this one
If the FIMATHE 50% level is broken through I will short on this one
bearish market structure, neutral fimathe zone is being respected, market sentiment is bearish , bearish structure respected