XAUUSD
Updated
the possible path is drawn on the chart. i suspect the price to go a little down following last hours of Friday's around 1920 then more uptrend to 1930+ . after that a pullback onto 1915 area and again continuing to raise around and above 1930 resistance zone. (now the actual path is definitely more complicated than the depicted and each zone could have more reactions.)
keep it in mind that this is just a possible analysis and might go wrong so the invalidity level for me is 1909 and through a strong bearish candle the price can go lower around 1897
keep it in mind that this is just a possible analysis and might go wrong so the invalidity level for me is 1909 and through a strong bearish candle the price can go lower around 1897
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*to risk less, you can skip the first part from 1920 to 1930. (it might drop to 1915 initially)Trade active
it didn't activate our first entry at 1920 and started upward move from 1923. anyway ... the sell area is active and now (~1925) at +50pips. setting stop trail. now we wait for next area to enter two long setups:
1- riskier : enter 1920 for 1934 (3$ stoploss)
2- safer : enter 1912-1916 for 1934 and beyond (stoploss at invalidity level)
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sadly didn't get the best out of the rally to 1947 as it didn't activate our best buy positions before the Powell conference.now that our entry (1912-1916) is finally set, we might reach the higher zone again. dont forget the trailing stop. however the entry zone can be activated again unto around 1911. but while invalidity zone is intact ill stay bullish.
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