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Harmonicforex

XAUUSD UPDATE As we saw the dollar strengthen due to the situation escalating in China, this is has caused the fall we have recently saw on GOLD, but now the market is looking attractive for a possible trading opportunity, on the 1D TF price is once again testing the 0.618 Fib which is in confluence with weekly and daily support, this is a strong level for bulls. On the 1D TF we have a harmonic formation in which we expect to complete at the neckline giving us a intraday upside target. We first need to see the market sweep the lows on the lower timeframe before we can look for our valid entry confirmations according to our strategies.
OANDA:XAUUSDLong
by ITSCRYPTO1
1
NZDJPY UPDATE On the weekly TF price is testing a historically strong level of supply and is over extended since its recent rally and i am expecting a corrective move. Dropping down to the 1D TF we can identify price has formed a harmonic formation in which we expect to complete at the neckline, if we drop to the LTF we can notice the market is forming a consolidation pattern below the HTF supply we will be monitoring PA for a push to the upside for a final sweep of liquidity and bullish induction, then only if the market satisfies our entry rules we will take a short position📉
Short
by ITSCRYPTO1