XAUUSD H1: XABCD best level SHORT IT TP 1600 USD(SL/TP)(NEW)

2 nov 2022

Why get subbed to me on Tradingview?

-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates

🎁Please hit the like button and
🎁Leave a comment to support our team!

XAUUSD H1: XABCD best level SHORT IT TP 1600 USD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
IMPORTANT NOTE: always do your own due dill.
not financial advice.

🔸 Summary and potential trade setup
::: XAUUSD H1/candle chart review
::: HIGHER RISK setup into FOMC/FED
::: new setup based on XABCD patter
::: still great setup for REVERSAL PLAY
::: updated / revised outlook
::: expecting REVERSAL/DUMP point D / 1700 USD
::: point C 1634 USD is 786 ration of the pattern
::: at point D / so it's cycle HIGH after PUMP
::: speculative XABCD setup in progress
::: higher risk setup into FOMC: BUY at MARKET
::: BULLS exit at point D later near 1700 USD
::: this is HIGHER RISK setup / be careful
::: patient traders only / swing trade setup
::: LOWER RISK SETUP: SHORT at point D 1700 USD
::: valid setup for BEARS to SHORT IT at point D
::: conservative TP BEARS is 1600 USD
::: and use proper risk management
::: TP BEARS is 1600 USD
::: details: see chart
::: FINAL TP exit near 1600 USD later
::: recommended strategy: SHORT/HOLD
::: SWING TRADE: SHORT/HOLD point C
::: final TP BULLS is point D
::: BEAR market not over yet
::: good luck traders!
::: SHORT/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: 1700 USD fresh supply
::: 1600 USD fresh demand
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS/PUMP/point D
::: Sentiment mid-term: BEARS/DUMP/1600USD

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.