PREPARING FOR SHORTS ON THIS MARKET
XAU/USD 4H - With this market I have been waiting patiently to enter in on shorts from the area of Supply I have marked out above. I wanted price to pullback into an area of Demand in order for us to be able to get involved in longs.
Longs into the area of Supply has been something I have been suggesting since last week and although price has failed to trade into my Demand zone to give us a good price to enter, price has still followed an traded in the direction predicted.
So based on that anyone who went long in this market based on the analysis I provided, well done. Price has moved around 150 pips up since our last update on this pair, giving you guys the opportunity to profit nicely.
I will be waiting for price now to trade into the area of interest and I will be waiting for the right entry criteria before I do look to get involved in short positions with this market. I will update you all shortly.
Longs into the area of Supply has been something I have been suggesting since last week and although price has failed to trade into my Demand zone to give us a good price to enter, price has still followed an traded in the direction predicted.
So based on that anyone who went long in this market based on the analysis I provided, well done. Price has moved around 150 pips up since our last update on this pair, giving you guys the opportunity to profit nicely.
I will be waiting for price now to trade into the area of interest and I will be waiting for the right entry criteria before I do look to get involved in short positions with this market. I will update you all shortly.
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