Price continued its ... dari CLOVER GOLD FX

Price continued its move lower to complete the final leg of this corrective phase. Right now, we’re tracking the last wave of a (w)-(x)-(y) complex correction, likely finishing soon near the lower trendline support. Once Wave (c) of (y) is complete, the next move should be impulsive and that’s where opportunity exists. ✅ Here’s what to focus on: 🔹 Corrections are designed to shake traders out 🔹 Impulsive moves follow when sentiment is weakest 🔹 Patience here is your real weapon Most traders panic at the end of Wave 4… …but disciplined traders prepare for Wave 5. 🚀 Don’t force trades during the correction. Let the structure finish then execute with a plan.

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GOLD On the 4H chart XAUUSD has completed a clear impulsive structure with a strong wave five expansion followed by a sharp corrective selloff that respected the higher timeframe daily trend line support showing that buyers are still defending the main bullish structure price reacted aggressively from the trend line suggesting this move is corrective rather than a full trend reversal and as long as the market holds above this rising support the bias remains bullish with expectations of a rebound toward the previous resistance zone where sellers earlier stepped in a clean break and hold above that resistance would confirm continuation while failure to hold the trend line would signal deeper correction and short term weakness.

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USDJPY on the 1D timeframe is trading inside a clean ascending channel where price has respected both the upper and lower boundaries multiple times showing strong structure control buyers pushed price impulsively from the lower channel support creating a sharp bullish leg that completed a corrective move near the upper boundary after this exhaustion signs appeared near the top of the channel indicating weakening momentum and potential profit taking price is now reacting lower suggesting a corrective phase could unfold toward the mid or lower channel support as long as the channel holds the overall trend remains bullish but short term pressure favors a pullback before the next directional move confirmation will come from how price behaves near channel support where buyers may step in again to continue the higher structure or a break could shift the bias bearish.

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EURCAD is trading within a corrective structure after completing a clear impulsive advance and the recent decline has found strong demand at a well-defined support zone which has already been respected by multiple daily closes this tells me sellers are losing momentum while buyers are quietly absorbing supply the structure suggests this pullback is corrective rather than a trend reversal and as long as price holds above this base the probability favors a continuation to the upside a sustained hold above support should open the door for a fresh bullish leg targeting a retest of the recent highs and potentially higher levels while a daily close below support would invalidate this bullish bias and signal deeper consolidation.

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