AU is starting to show signs of a balanced market after a mark down phase. I'm expecting slight weakness in the dollar so a sweep of the lows on au will be my buy zones.
DXY continues to move strong, however, a pull back is needed sometime soon to rebalance the strength before continuing up.
EURUSD is successfully accumulating. we have had a spring taking out previous liquidity that went to break upside structure. I'm looking to get in some longs around this area. wait for conformation and jump in longs!!
With my analysis I believe AU is looking very cheap to buy into, there's been momentum slowdown in the past week from the sell off as the markets have been moving more sideways while staying bearish. A break above the latest high formed would confirm a MSS and indicate an accumulation playing out.
The high that made the UTAD had clear weakness after taking all the liquidity to the side. followed with a MSS its clear the direction were heading. Fibbing down that last push down shows exactly where to enter. 0.618 level is the area I will be looking to enter.
EU is looking very sharp for a buy. wait for LTF conformation or even LTF Wyckoff to confirm the buys.
due to DXY still being bullish with no signs of retracement, AU can be seen as a short term re- distribution. wait for selling pressure at this zone and enter using LTF conformation.
Any breaks above this high (blue zone) can be seen as a MSS. Pull backs from that area are easy buys.
Very very clear movement on DXY. will be expecting a short from the blue line. g=Get in those XXXUSD buys.
AUDUSD has pulled back into a price I'm happy to buy at. any lower than this is just cheaper AU.
Just like XAUUSD, AUDUSD is also starting its pull back to a cheaper price. Capitalise on these sells and scalp those buys in once it reaches my zone.
GOLD SELL OFF INCOMING. DXY starting tot strengthen after a very long and aggressive sell off.
usd is bound to go down soon meaning pairs of usd will follow the trend