Hey Guys, I see two possibilities could play out today, This is not a financial advice just a simply analysis. Trade smart, Trade safe!!
Market Analysis (15th October 2024)
XAUUSD Analysis(15M TF)
BUY/SELL SCENARIOS:
🟢BUYS:
1) Body candle close above the 2652 level.
2) Retest the failed 15M bearish Breaker Block.
3) Create a 5/15M bullish engulfing candle to capitalize on BUYS towards the 2661 level and potentially higher prices.
🔴SELLS:
1) Retest the 15M bearish Breaker block at the 2650 level.
2) Create a 5M bearish CHOCH with a body candle close.
3) Retest the 5M bearish CHOCH to capitalize on SELLS towards the 2630 level.
Market Analysis (15th October 2024)
XAUUSD Analysis(15M TF)
BUY/SELL SCENARIOS:
🟢BUYS:
1) Body candle close above the 2652 level.
2) Retest the failed 15M bearish Breaker Block.
3) Create a 5/15M bullish engulfing candle to capitalize on BUYS towards the 2661 level and potentially higher prices.
🔴SELLS:
1) Retest the 15M bearish Breaker block at the 2650 level.
2) Create a 5M bearish CHOCH with a body candle close.
3) Retest the 5M bearish CHOCH to capitalize on SELLS towards the 2630 level.
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.
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.