So price respected my daily demand zone off a retracement im expecting buying pressure this week and as you can see on my chart my daily and hourly structure was respected .Along with my indicators agreeing with my buy bias by price making new highs
On the overall high timeframes that consist of the 1W,1D i could observe more of selling pressure than buying therefore i expect the market opening to break through my 240m zone due to the original bull trend but id be looking for overall sell because my 240 zone has been respected and because the overall trend is a sell to my higher timeframe zone .My other...
Gold has reached resistant and is currently on a downtrend we should be looking for sells
Well we’ve met our long awaited resistance now I’d recommend a retest to the resistance before taking a temporal sell and a long time buy once it touches the support
Right now price has tested the daily zone which I predict will be as a support or demand zone before testing the monthly zone once more in a bull trend inorder for price to use the monthly zone as Moreno of a possible resistance the i will expect price to test my weekly zone as it will then be used as a support or demand zone to create higher high
Well as you can see in the chart of uj clearly uj hasn’t found any resistance as it continues its bullish trend I predict that price will mostly likely hit my daily supply zone before targeting any form of downtrend as my moving averages agree with me along with my bollinger band combo as price has no doubt disrespected any of my structure yet .I will look to...
We will most likely see a bullish trend until price hit my supply zone (weekly)then heading to bearish movement before testing support and heading to my supply zone(monthly) then continuing down trend
Short term movements to the supply zone (bullish trend) before having a trend reversal to the bearish trend
Short term bullish movement before overall bearish trend
Short term bearish movement till price hits the demand zones thereby causing an overall bullish signal .
Short term movement to the downside side before using demand zone as a support for bullish signal
Short term bearish term long term bullish trend with all parameters being respected.
Price has tested my supply zones I personally think the direction of this trend will change due to the respect of the supply zone ,my simple moving average signify down trend, along with bearish trend lines being respected and if you carefully observe the daily you will see a bullish hammer which signify trend change .For more information or mentorship private...
Price has tested the two supply zones get ready to change its course down to use the demand zone as some sort of support .While reading price action you would also observe a bullish candle signaling trend reversal.Along with my simple moving averages (50)Good luck out there 🎯🎯
Scalping of buys but an overall downtrend
Completed the retest with price unable to break to my trend and drawing a Fibonacci retracement on 1W chart so we’re expecting bearish candles with to at each support through to the last wick inorder to confirm creation of new low low after the bullish restest causing a new lower high