Xau/Gbp
- Whats the Favors for a short trade?
- It took price 4 days to fall from the latest swing high and it has taken the price 8 days to come back to that swing high, meaning the bulls are struggeling to create new highs. From here our outlook is that price will Fall back to latest low again
- 1. key Resistance ( a swing high was created )
- 2. price has com back to the swing high and created aFalse Break of Key Resistance and an Inside bar and potentially hikkake pattern. This is Also a 50% Retracement level of the Giant Bearish Pin Bar to the low.
- 3. Price has broken the diagonal Support Line
- 4. Take Profit
- In Pic 2 we also have a Market Gap waiting to be filled
- 5. StopLoss
Nzd/Jpy
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Nzd/Jpy
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