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.
Comment
Yesterday's Technical Analysis description (tradingview.com/chart/XAUUSD/0LG1GFZ9-2022-Nov-17-XAUUSD-TRADE-STOPPED-OUT/)
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.