XAUUSD Outlook 5/1
Updated
Open to buys and sells here, however price may be shifting bullish on LTF.
Trade closed: stop reached
Losing trade Idea was based off price maintaining bearish structure on HTF and playing off supply. Waited for price to react from supply and break structure on LTF, entry off return to mitigate on LTF. This ended up not playing, price invalidated structure and gave HTF CHoCH, which justifies longs if price should retrace significantly
Note
Longs valid at retrace and smaller tf CHoCH
Let the algo show you its hand.
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