Daily XAUUSD update, 4 Sept 2024.
-To facilitate the 4H swing pullback we should see the price take out the weak INT low.
- Price reaches the supply zone caused the last break, we should follow the bearish OF from here.
- Confirmations from LTF.
4H:
- 4H Swing pullback phase
- 15M new swing leg phase
- 15M new INT bearish leg phase.
- All bearish.
- Price is in the 4H and 15M supply area.
- I'm waiting for the bearish CHoCH to confirm the INT pullback is over and the new INT leg started to play short targeting the weak INT low and the weak swing low.
15M:
- Price reaches the supply zone caused the last break, we should follow the bearish OF from here.
- Confirmations from LTF.
4H:
- 4H Swing pullback phase
- 15M new swing leg phase
- 15M new INT bearish leg phase.
- All bearish.
- Price is in the 4H and 15M supply area.
- I'm waiting for the bearish CHoCH to confirm the INT pullback is over and the new INT leg started to play short targeting the weak INT low and the weak swing low.
15M:
Penafian
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