@capitalmanagementservice: This is my analysis on XAUUSD on the 45 minute timeframe We can clearly see that price is currently trading within bearish market structure forming lower lows followed by lower highs which implies that sellers are in control of this market The phases of the market are also in the favour of sellers. Meaning we are forming strong bearish impulses followed by bullish corrections. This type of price movement is exactly what I need to see in order to begin looking for sell positions Price is consistently breaking through support and retesting as a level of resistance. I will be looking for the same movement and for price to break current support impulsively followed by a corrective pullback to retest support as resistance Want to know which services I offer? Check out the link in my bio! . . . . . . #technicalanalysis #passiveincometips #forexaccountmanagement #forextradingstrategy
