XAUUSD Rejection of Major Into Minor.
Coach Amilia and I are currently analyzing the markets for potential trades to send the group.
Coming across the above pair we're looking for the market to reject the major resistance area pushing back into the minor resistance spot.
If the market stays with the green lines we're going to look for them to touch the top or bottom for our entry points, we're looking for 3 candle rejections on 5-15 minutes before continuing on any buy.
We're looking for the market to push back down if it doesn't break this area or break and renter, if we see it break previous highs we're looking for it to go past our moon landing area.
If the market goes past our moon area then we know it's going to continue upwards towards the HH location area and that will ensure we go long term, but if you want to go long term on the trade then you have to make sure to get in on the lower highs.
if you do not follow the above, you will go into drawdown and that's never fun for anyone.
The Candles will range between 50 and 100 upwards so it won't be an instant engulf.
The markets are the markets nothing is guaranteed, your best trader wins 40-70% of the time.
Charters:
Coach Amilia
#JohnWickCharts
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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.