Bull trap extension to the upper Gann angle, low volume pump in price action over the last 2-3 weeks indicative of false breaks and moves. Couple with the August 8th Gann date (Gann said to watch for tops and bottoms around that date) as well as a new moon phase, this topping pattern is forming a high probability of a move down for the next 45-90 days
Trade active
Short still active, fell below the nearest Gann angle, significant buying of AUD, Gold, NZD, EUR and GBP in the final hours of Friday give some strong indications of further deeper drive lower.Trade active
Yesterday showed an inverse head and shoulders pattern which trapped a lot of long traders with a fairly standard exhaustive fake out higher in a much large and broader head and shoulder patternTrade active
Long ***USD pairs, shorting USD*** pairs again.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.