XAUUSD Short Setup
Price broke down from the 1480 level due to Trade news and NFP News.
The price broke through the liquidity region and closed below on the 4HTF
Strong support is at the 1450 level, as the price consolidated in that area for a few days before breaking up
In order for the price to move back to that area, a liquidity grab for volume is required to push the price lower.
Expect some wicks into the liquidity zone and then further downside.
Entry @ 1462
Sl @ 1467
TP @ 1450
R/R @ 2.4
The price broke through the liquidity region and closed below on the 4HTF
Strong support is at the 1450 level, as the price consolidated in that area for a few days before breaking up
In order for the price to move back to that area, a liquidity grab for volume is required to push the price lower.
Expect some wicks into the liquidity zone and then further downside.
Entry @ 1462
Sl @ 1467
TP @ 1450
R/R @ 2.4
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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.