XAUUSD | IS USUALLY A BUY, BUT CAN WE SELL? - FOREX TRADING LION
Hello Traders,
So recently we had a bearish engulfing cnadle on the daily timeframe bouncing off the 25-50 moving averages now, we are currently on a pullback on the 4 hourly timeframe, but I would only buy this trade if it would break all 3 moving average lines, if we would get a confirmation off a bearish engulfing candle on the lower timeframes, it could be a nice trade short.
So recently we had a bearish engulfing cnadle on the daily timeframe bouncing off the 25-50 moving averages now, we are currently on a pullback on the 4 hourly timeframe, but I would only buy this trade if it would break all 3 moving average lines, if we would get a confirmation off a bearish engulfing candle on the lower timeframes, it could be a nice trade short.
