XAUUSD ANALYSIS -UPDATE
I was tagged out one or two times BY A FEW PIPS):, but because I calculated my risk accordingly and also managed my entries entries accordingly, I was able to take advantage of this opportunity on XAUUSD!
Current Analysis Update: Based on the fact that Gold just broke the monthly low and impulsed so aggressively to the downside, I’m anticipating a tight flag of 6-8 H1 candles -looking for confirmation on the H1/M15 or a large correction and then an entry into the short position to complete the sell set up reaching the 90% zone where my TP is set.
Remember: this is not a signal and is only my representation/analysis of the way I view markets and how & when I will be further capitalizing on this trade. If you fellow traders do decide to capitalize on this trade, make sure to calculate and manage both trade and risk accordingly.
I wish you fellow traders a blessed Fxday. -(Fxday =Monday-2-Friday).
New analysis will be posted throughout the course of the weekend.
Current Analysis Update: Based on the fact that Gold just broke the monthly low and impulsed so aggressively to the downside, I’m anticipating a tight flag of 6-8 H1 candles -looking for confirmation on the H1/M15 or a large correction and then an entry into the short position to complete the sell set up reaching the 90% zone where my TP is set.
Remember: this is not a signal and is only my representation/analysis of the way I view markets and how & when I will be further capitalizing on this trade. If you fellow traders do decide to capitalize on this trade, make sure to calculate and manage both trade and risk accordingly.
I wish you fellow traders a blessed Fxday. -(Fxday =Monday-2-Friday).
New analysis will be posted throughout the course of the weekend.
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