XAUUSD new direction trade in next

we been tp 1710 and 1695 area now wait for next trade soon which we no rush to go for entry wait my update...current chart draw some basic idea of potential movement let see how it react at those level to decide further.

Commentaire:

got few nice engufing there show upside momentum there but no rush we wait higher low chance to entry...wait for better confirmation and no FOMO

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if look on the situation assume that it making bullish move....then the next potential entry point will be those green circle area which we will look further to find entry if it valid there

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decide to take a short here seem like it going to touch down further before it turn upside

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beware of this high risk trade too if it able to close some full candle above the 1710 then i may consider cut the trade and turn into bullish bias

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do one open long position here too

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the short position SL move to 1712 area

the long position remain the same

Commentaire:

CUT LOSS on the short position and remain the bull position open

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if it touch 1721.500 and rsi still havent touch above 70 then we extend the TP to top red zone 173x area and move sl to breakeven

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move sl to breakeven and extend the range of tp

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previous entry breakeven it since it drop down hit it...now re open one more position

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in case it fail to stay firm above this zone we move sl to breakeven again to protect