XAUUSD 240, possible AB=CD pattern, find new possible entry.
GOLD guys still looking at this chart for two reason we ll see this pair moves strongly next week due to the interest rate deciosion by FED and the second reason is that this pair usually bring long term trends so if we find a nice entry we could ride the trend.
So i m a pretty 100% technical trader i love technical but i have always an eye that looks at fundamental cause is this that moves the market then i m looking at interest rate decision and i m thinking that the FED will rise this; is then for technical and fundamental points that i m looking for an short entry but there s always one "but" i know this ( A PRO TRADER DON T PREDICT THE MARKET BUT REACT WELL AT WHAT MARKET DO) so all is possible! Here there is another possible nice short entry with more pips to be eat and a bigger RISK$REWARD. What we ll do is this looks at price action at that point with a more conflunce looking at DXY and we ll entry if the market will give us a signal.
NOTE=If price will broke that little channel we could find a long entry after the retest of the zone and descending TL.
So i m a pretty 100% technical trader i love technical but i have always an eye that looks at fundamental cause is this that moves the market then i m looking at interest rate decision and i m thinking that the FED will rise this; is then for technical and fundamental points that i m looking for an short entry but there s always one "but" i know this ( A PRO TRADER DON T PREDICT THE MARKET BUT REACT WELL AT WHAT MARKET DO) so all is possible! Here there is another possible nice short entry with more pips to be eat and a bigger RISK$REWARD. What we ll do is this looks at price action at that point with a more conflunce looking at DXY and we ll entry if the market will give us a signal.
NOTE=If price will broke that little channel we could find a long entry after the retest of the zone and descending TL.