short and long position for xauusd
hello guys
As you can see in the chart, after forming several drives and divergence, the price has broken the drive line and started a downward movement.
After Sharp's move (or movement with high momentum) , this scenario is repeating itself, but this time it has formed two drives.
There are two areas with high potential to take a long position.
The first area or the first scenario:
It is possible that the first liquidity range will be formed after the break and engulfment, so you can wait for the long confirmation in this area.
The second range or the second scenario:
This range can be formed on the QML AND DP
The TARGET of both POSITION is the end of the first drive that I have shown in the CHART!
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
BE PROFITABLE
As you can see in the chart, after forming several drives and divergence, the price has broken the drive line and started a downward movement.
After Sharp's move (or movement with high momentum) , this scenario is repeating itself, but this time it has formed two drives.
There are two areas with high potential to take a long position.
The first area or the first scenario:
It is possible that the first liquidity range will be formed after the break and engulfment, so you can wait for the long confirmation in this area.
The second range or the second scenario:
This range can be formed on the QML AND DP
The TARGET of both POSITION is the end of the first drive that I have shown in the CHART!
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
BE PROFITABLE
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________
👉 10% off with this exchange: lbank.one/join/uu83jRY
________
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
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