XAUUSD potential Forecast | Tuesday 21st February 2023
Hello,
I rely on ICT concepts for my trading. I would like to share a trade idea for Tuesday, February 21st, 2023.
Recap on yesterday 20th Feb Monday
There wasn't much movement yesterday due to the bank holidays for US and CAD. I'm expecting volatility to pick up for today with more major news events coming up such as the USD Flash Services PMI.
Idea
I'm expecting price to possibly head towards the overlap resistance at 1850.710, which is in line with the 61.8% Golden Fibonacci ratio.
For entries, it's important to use confirmations on smaller timeframes and to always exercise caution while trading.
Thank you,
Chen Yongjin
I rely on ICT concepts for my trading. I would like to share a trade idea for Tuesday, February 21st, 2023.
Recap on yesterday 20th Feb Monday
There wasn't much movement yesterday due to the bank holidays for US and CAD. I'm expecting volatility to pick up for today with more major news events coming up such as the USD Flash Services PMI.
Idea
I'm expecting price to possibly head towards the overlap resistance at 1850.710, which is in line with the 61.8% Golden Fibonacci ratio.
For entries, it's important to use confirmations on smaller timeframes and to always exercise caution while trading.
Thank you,
Chen Yongjin