I was thinking of reaction on Daily Demand Zone but bears were strong enough to break below that zone.
Bearish order flow continued and created liquidity for future upward move.
I expect price to reach Daily/4H Demand then I will look for 15M CHoCH for reversal up.
As long as XAUUSD is above daily MSL, upside movements are more likely than downside moves.
What do you think about this chart? Feel Free and Comment Below!
Bearish order flow continued and created liquidity for future upward move.
I expect price to reach Daily/4H Demand then I will look for 15M CHoCH for reversal up.
As long as XAUUSD is above daily MSL, upside movements are more likely than downside moves.
What do you think about this chart? Feel Free and Comment Below!
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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.