BUYING INTO THE CORRECTION BEFORE WE SELL LONGER TERM
XAU/USD 4H - Looking at this market we have had more than enough confirmation that price is now trading us higher into this market, we have been delivered with multiple breaks of structure to the upside.
We want to now see this bullishness continue trailing into a zone that I have highlighted above. With that being said we can look to buy into this market, we just need to wait for price to trail back fractally into a demand zone, allowing us to get a refined entry.
Once price trails into a relevant supply zone that is when we will then look to close those buy positions and look to short into this market longer term.
We want to now see this bullishness continue trailing into a zone that I have highlighted above. With that being said we can look to buy into this market, we just need to wait for price to trail back fractally into a demand zone, allowing us to get a refined entry.
Once price trails into a relevant supply zone that is when we will then look to close those buy positions and look to short into this market longer term.
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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.