2022 Nov 18 XAUUSD *TRADE MISSED
Updated
R:R 4:1
Confluences for this trade is as follows
Macro
Weekly - Timeframe tap into a major weekly key level @ 1780.000 ZONE
Daily - Formation of a tweezer top price action translated from the initial tap on the weekly timeframe, followed by a strong bearish leg from yesterday's Daily candle
4h - Signs of bullish exhausted candles from a few previous 4 hourly candles during yesterday's Asia/London session(s)
- Followed by a strong bearish leg upon 2 hours into US session open
(More detailed description from yesterday's Technical analysis dissection as it follows almost entirely the same for this Trade)
Micro
15m - Yesterday's (Thursday) US Session zone used as retest entry zone (highlighted in YELLOW)
REMARKS: Market DID NOT TAP into said zone, which I was looking for (circled in RED). Therefore entry WAS NOT PLACED.
Confluences for this trade is as follows
Macro
Weekly - Timeframe tap into a major weekly key level @ 1780.000 ZONE
Daily - Formation of a tweezer top price action translated from the initial tap on the weekly timeframe, followed by a strong bearish leg from yesterday's Daily candle
4h - Signs of bullish exhausted candles from a few previous 4 hourly candles during yesterday's Asia/London session(s)
- Followed by a strong bearish leg upon 2 hours into US session open
(More detailed description from yesterday's Technical analysis dissection as it follows almost entirely the same for this Trade)
Micro
15m - Yesterday's (Thursday) US Session zone used as retest entry zone (highlighted in YELLOW)
REMARKS: Market DID NOT TAP into said zone, which I was looking for (circled in RED). Therefore entry WAS NOT PLACED.
Note
Yesterday's Technical Analysis description (tradingview.com/chart/XAUUSD/0LG1GFZ9-2022-Nov-17-XAUUSD-TRADE-STOPPED-OUT/)
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