Hello traders, here I'm again posting my technical analysis on XNGUSD
so, as we can see in 4h time frame it's in downtrend parallel channel, once it's gives break out entry and your first target will be 1)3.250 & 2)3.500 safe traders cand exit here risky traders can hold with strict SL with targets of 3.800/4.000+
Due to oversold condition in weekly and daily time frame a technical rebound is on the cards. So wait for the entry and book your profits timely.
Have a good weekend
so, as we can see in 4h time frame it's in downtrend parallel channel, once it's gives break out entry and your first target will be 1)3.250 & 2)3.500 safe traders cand exit here risky traders can hold with strict SL with targets of 3.800/4.000+
Due to oversold condition in weekly and daily time frame a technical rebound is on the cards. So wait for the entry and book your profits timely.
Have a good weekend