Market structure of xauusd at 4 hour time frame
Updated
4H swing is bullish => current it is pullback
The current 15-minute timeframe shows a bearish CHOCH signal
The current price is in the Demand zone, we can look for buying opportunities in the 1 minute time frame, giving a bullish CHOCH signal.
The current 15-minute timeframe shows a bearish CHOCH signal
The current price is in the Demand zone, we can look for buying opportunities in the 1 minute time frame, giving a bullish CHOCH signal.
Note
this demand zone cannot hold the price
Related publications
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.