We had NFP last week, so we need to perform what we call a NEWS RESET. Gold needs to decline and reset that movement. NFP provided a clear structure shift and a break. We might see this guy dropping to clear that before continuing upward.
We might see this guy use this flag reversal to push down, we are currently at the sell side of the trend and we want to believe that the pair is going to push down even more
We might see GOLD using this confluence to go up. Gold is currently trending upwards, therefore we might see it continuing with that trend
We might see this guy use that continuation pattern to push down
We might see this pair after hitting the QML pushing higher.
We might see this pair tap into that FOZ then continue to go up
We might see this young man use that QML to push down from here
Can we see this guy go up following that FOZ clearance??
We might see this continuation pattern push us to the above POI where we will see this pair start to fall
We might see this pair using that QM to push down and also to reset NFP move
We are seeing EN showing signs of pushing up following that reversal pattern
EURAUD 4Hr TF 1. We have a completed Wedge / Flag. Once a flag is completed, we should always expect a drop 2. Confluence, We also have 3 zones, which complement our setup, which we believe would push this pair down 3. SS+ FOZ, we also have a fake-out zone concept that might be at play on this pair and push it down.
Can this guy give us an Ascending triangle and push up??
Can we see this guy using that ascending triangle to go up?
Can we have UCHF drop even more following that breakout??
We might see this guy tapping on that POI after taking out that previous low, then push up
This pair is showing signs of reversal on that trend zone, we might see it continue to push down even more
we might see this guy continue to push a bit up after consolidating forming a flag