XAUUSD Break Of Structure! Double Bottom!
I've off the market waiting for the next impulse on XAUUSD and we may have finally got it! Let's get to it!
First thing first, on the higher Time Frame XAUUUSD is bearish!
Monthly has a shooting star and bearish engulfing at resistance suggesting we should have a bearish month.
Weekly has what I called a three inside out candle to the downside.
Daily closed healthy but that doesn't matter too much as the trend will change!
Let's talk about what COULD happen in the intermediate future!
XAUUSD has been falling as it should based on structure! and now We've had a break of structure on H1 and H4
Which is suggesting that the market is going to retrace before it falls further and get in line with the higher time frames.
Technically you can buy the 3 PM EST candle
SL 1303.75
TP's are not clear but we will be looking at the 38.2 and see how price moves it could possibly make it's way up to the 61.8 retracement.
I will post entries when I get something clear!
Like and Comment!
First thing first, on the higher Time Frame XAUUUSD is bearish!
Monthly has a shooting star and bearish engulfing at resistance suggesting we should have a bearish month.
Weekly has what I called a three inside out candle to the downside.
Daily closed healthy but that doesn't matter too much as the trend will change!
Let's talk about what COULD happen in the intermediate future!
XAUUSD has been falling as it should based on structure! and now We've had a break of structure on H1 and H4
Which is suggesting that the market is going to retrace before it falls further and get in line with the higher time frames.
Technically you can buy the 3 PM EST candle
SL 1303.75
TP's are not clear but we will be looking at the 38.2 and see how price moves it could possibly make it's way up to the 61.8 retracement.
I will post entries when I get something clear!
Like and Comment!
Nota
the way to approach the market!Nota
XAUUSD Bullish Bias confirm! I await entry.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.