XAUUSD Sandwich 8-19
Yesterday Price was above 2000 and today we broke the 2000 level and as price entered back into the supply zone, we entered the market.
As the strategy entails, after entering the zone, we enter the market then we take profit at the next zone which is the 50% area (Green zone).
Price is now reacting to the 50 zone and is retracing and is closing on the hour as an indecision candle. We now have two looks.
Price can either:
1) Retrace and come back to or around our previous support at the 1950-1970 price area.
2) If price decides to continue to fall then we will enter below the consolidation zone around 1930 and continue to at least the 1910 area.
As the strategy entails, after entering the zone, we enter the market then we take profit at the next zone which is the 50% area (Green zone).
Price is now reacting to the 50 zone and is retracing and is closing on the hour as an indecision candle. We now have two looks.
Price can either:
1) Retrace and come back to or around our previous support at the 1950-1970 price area.
2) If price decides to continue to fall then we will enter below the consolidation zone around 1930 and continue to at least the 1910 area.
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.