EURUSD & GOLD

Fell through support.

You should keep watching support and resistance levels all the time. This together with Fib levels.

9h00 is upon us, should watch for faster action after close of 9h00

A break of 38.2 Fib will result in a very good run as daily is into it.

Want to explain something about price action, stick with me.

The following may seem like nonsense compared to what the greater theme of trading involves, but believe me, it works.

When coming from a high/low on any TF there are two distinct moves to watch for:

1) a double or triple bend in yellow; and
2) a sudden pullback within a candle; taking it from the high/low right to the opposite side of the candle and right through with the help of the next candle

The two should be seen separate from each other.

The double/triple bend; see the chart below:

Another example:

. . and another one

one on the left of the chart is one coming from the top.


There's also one in between the two examples

Okay, enough of that, now on to the next one (switch in the candle itself):

I'm leaving you with this to consider if it will help you. It is exact and specific; no need to wonder about if it's the right spot to enter.

Okay, there's a third thing, but we can attend to that later on - the effect of dojis.

Especially on the daily timeframe,saw you mention that it's very scarce to see a doji on a daily timeframe.Could you clarify that when you touch that topic.i mean a doji is usually a reversal but this time around I think it's an indecision considering that there's high high impact news today (CPI)

logic of this chart [ orange is usd index ]

every time usd falls gold goes up

usd rises gold falls

definitely,and I hear the focus is on US-China trade talks today so I'm expecting a lot of consolidation coming from the fundamentals in the moment before the news event

best chart to understand the concept of doji