XAUUSD
▪️We are in a 50% fibonacci retracement
▪️We have a resistance at the current level
▪️We have an uptrend line
▪️We had a descending triangle pattern
We will wait for confirmation in the 1D period to enter short (sell) until the 1864 zone, and then we will look for an entry to enter long (buy)
The entry for longs would be if it respected the uptrend line, but if it did not respect the trend line, we would maintain the short operation (veneder), and we would base ourselves on the descending triangle pattern.
▪️We are in a 50% fibonacci retracement
▪️We have a resistance at the current level
▪️We have an uptrend line
▪️We had a descending triangle pattern
We will wait for confirmation in the 1D period to enter short (sell) until the 1864 zone, and then we will look for an entry to enter long (buy)
The entry for longs would be if it respected the uptrend line, but if it did not respect the trend line, we would maintain the short operation (veneder), and we would base ourselves on the descending triangle pattern.
Note
PROFX SIGNALS : t.me/profxsignalss
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.