Looking at taking long positions around the daily broken swing high on the LTF's which confluences with the 71.8 % Fib retracement level targeting the recently formed Swing high given that the DXY continues with the weakness it is currently experiencing.
Looking at the weakness the DXY is experiencing on the Daily and the H4, we are using the the 3-wave pattern to complete at the bottom of the recently formed swing low as this drop is also fueled by the rally in Gold and stock market.
USDZAR has been consolidating on HTF's we are currently at the low of the range hence we are looking at taking advantage of that and take long positions as we target the high of the range and potentially breakout to the upside as we expect the Dollar to gain strength and Gold to drop in value.
We are looking for a rally in price as we are trade around our 1H/4H Demand zone and we have a ranging market that is set to trick many of us to take early trades. We have to waith for price to break out of this range to the upside for us to shorting positions on GOLD and Us100
We are looking at the Gold price as it drops it will affect the AUDUSD to drop aswell as this pair is a commodity pair and they have a direct relation with Gold prices. We are trading art LTF supply area and we are looking to take price to the downside targeting our recently formed Swing on LTF's.
Looking at taking long positions given that the the USD index continues with gain and GOLD drops in value. We are trading around the inner 4H/1H DEMAND AREA and we can see x2 Bullish reversal candle patterns from our 1H cahrt the Bullish engulfing pattern and the beraish pin bar. Now we are looking at a rally in price to our LTF supply area. We have to keep me...
looking at a bullish market, we will be taking buys just after the break out of the minor swing high area formed by intra-day trades.
Taking shorts as the Dollar index gains strength and taking into consideration that most of the technical levels have been broken to the down side
looking at shorting gold as the dollar index gains strength to fast track the process of the drop
Looking to sell price as the sell momement is back in the market