STOP/ENTRY/TP - XAUUSD - SHORT ( 3.0% )
Way over bought and requires some time to pull back.
(1) hour 50 EMA broken.
Daily BEAR Confirmation candle posted. More a move into next week.
The point at which the target sits is still a good point for the price to move higher on. Just the point a which a decent pull-back is situated.
It won't be a clear pattern. Gold and technicals haven't been friends of late and the correlation with the DXY is almost perfect recently.
MACRO is still the driver behind price.
A few other reasons for the thought in direction, but at 2 am in the morning - I can't be bothered going into it.
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🚨 REMEMBER TO JOURNAL ALL OF YOUR TRADES - BOTH DEMO AND LIVE. IT WILL ASSIST WITH THE BACKTESTING YOUR STRATEGY 🚨
📖 +📊 = 💰
USE A DEDICATED JOURNAL TO RECORD YOUR TRADING. 🔥
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⬇️
LINK --- 👀
(1) hour 50 EMA broken.
Daily BEAR Confirmation candle posted. More a move into next week.
The point at which the target sits is still a good point for the price to move higher on. Just the point a which a decent pull-back is situated.
It won't be a clear pattern. Gold and technicals haven't been friends of late and the correlation with the DXY is almost perfect recently.
MACRO is still the driver behind price.
A few other reasons for the thought in direction, but at 2 am in the morning - I can't be bothered going into it.
=========================================== ⬇︎
🚨 REMEMBER TO JOURNAL ALL OF YOUR TRADES - BOTH DEMO AND LIVE. IT WILL ASSIST WITH THE BACKTESTING YOUR STRATEGY 🚨
📖 +📊 = 💰
USE A DEDICATED JOURNAL TO RECORD YOUR TRADING. 🔥
=========================================== ✅
⬇️
⬇️
⬇️
LINK --- 👀
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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.