Good Opportunity to buy XAUUSD in 1 Hr Timeframe
Mis à jour
Note: For education purpose only.
Following ideas help develop a long trade bias for XAUUSD in 1 Hr Timeframe.
1. Price in upward trend
2. Price respecting the intersection of two pitchforks A-B-C and 1-2-3 and creating a fractal bullish bar
3. 2nd Degree bullish continual divergence between the current bullish bar and the latest swing low
4. Strong bearish bar just before the bullish bar acting as a candle to create Von Restorff effect (making people believe that Market is going to crash but the reality is contrary.
Entry: 1788
Target: 1806
SL: 1782
Following ideas help develop a long trade bias for XAUUSD in 1 Hr Timeframe.
1. Price in upward trend
2. Price respecting the intersection of two pitchforks A-B-C and 1-2-3 and creating a fractal bullish bar
3. 2nd Degree bullish continual divergence between the current bullish bar and the latest swing low
4. Strong bearish bar just before the bullish bar acting as a candle to create Von Restorff effect (making people believe that Market is going to crash but the reality is contrary.
Entry: 1788
Target: 1806
SL: 1782
Note
Buyers from the price level were successful only to make price reach 1796. They could not break over 1797.7. And then Price displayed an upper long wick and bullish bar in 8:30 AM (IST) candle. This signifies that buyers don not hold enough strength to reach our Target at 1806. Currently, Price is at 1789. We can close our trade here with a minor profit.Note
Opps.. Guys. Target @ 1806 is hit pretty accuratelyyyyyyyyyyyy.
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.