XAUUSD short from the pull back (long term trade)
1. The price hasn't updated the new height but broke the trend in a downward movement BoS (now we are in a downtrend);
2. We are waiting for a pull back to start selling till next order block;
3. the potential short entry is 50% of the wick of the previous upper candle;
4. TP bullish order block;
5. I see high propabilty of continuation of down trend because price has reached 1.618 - Fibonacci extansion key level (potential revers level);
6. However, we are definitely on an uptrend, so it is not advisable to go against the trend until there are clear signs of a reversal. The first signal for a reversal for me will be the breaking of two bullish order blocks - breaking key levels;
7. If we see good regection from this level it means that price respects it and we can look for longs from this moment;
8. TP for long position will be upper key levels.
2. We are waiting for a pull back to start selling till next order block;
3. the potential short entry is 50% of the wick of the previous upper candle;
4. TP bullish order block;
5. I see high propabilty of continuation of down trend because price has reached 1.618 - Fibonacci extansion key level (potential revers level);
6. However, we are definitely on an uptrend, so it is not advisable to go against the trend until there are clear signs of a reversal. The first signal for a reversal for me will be the breaking of two bullish order blocks - breaking key levels;
7. If we see good regection from this level it means that price respects it and we can look for longs from this moment;
8. TP for long position will be upper key levels.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.