XAUUSD 24.06.2019
WEEKLY:
- possible retest of the trendline before further downside
- pair bounce on trendline twice (yellow sphere), thereafter, pair broke out (pink sphere).
- there could be a possible short opportunity if pair rejects the ascending trendline
- pair could spike to the 100% fib before continuing its downward mvnt
INVALID IF:
- weekly closure above the trendline
NB:
- watch DXY + SILVER for correlation.
- wait for upward momentum to decrease, therefore look for multiple rejections on the daily/ 4H time-frame before shorting
- wait for clear rejection on daily + 4H time frame before entering trade
- watch fundamental release prior to entering
- possible retest of the trendline before further downside
- pair bounce on trendline twice (yellow sphere), thereafter, pair broke out (pink sphere).
- there could be a possible short opportunity if pair rejects the ascending trendline
- pair could spike to the 100% fib before continuing its downward mvnt
INVALID IF:
- weekly closure above the trendline
NB:
- watch DXY + SILVER for correlation.
- wait for upward momentum to decrease, therefore look for multiple rejections on the daily/ 4H time-frame before shorting
- wait for clear rejection on daily + 4H time frame before entering trade
- watch fundamental release prior to entering
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.