Gold Spot / U.S. DollarUpdated XAUUSD H4 Swing Trade
We have only 2 levels, and after breaking level 2's high, we can expect a retest of that high and then an impulse up for level 3 thus completing the structure.
Key Points:
1. Dont sell in an uptrending market, so wait till you see a sell structure. preferably on lower time frames.
2. Remember the golden rule? Buy low sell high. So dont buy were you see a resistance, like in this scenario.
3. You can never go wrong with proper risk management.
Happy Trading...
Key Points:
1. Dont sell in an uptrending market, so wait till you see a sell structure. preferably on lower time frames.
2. Remember the golden rule? Buy low sell high. So dont buy were you see a resistance, like in this scenario.
3. You can never go wrong with proper risk management.
Happy Trading...
Trade active
Heading for the support now. After the market reaches the support, look for buy opportunities that suit your trading strategy. Can be a reversal pattern or candle stick formations...Trade closed: stop reached
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.