- XAUUSD breaking out of falling wedge on 2hr. It's consists LH LLs.
- XAUUSD also tapped previous lows range and rejected it
- creating HH and HLs on ltf = Basically Gold's market structure is flipping to bullish
Entry when it confirms breakout of wedge
TP1 0.618 fib level
TP2 0.702 fib level
TP3 Top of the wedge
- XAUUSD also tapped previous lows range and rejected it
- creating HH and HLs on ltf = Basically Gold's market structure is flipping to bullish
Entry when it confirms breakout of wedge
TP1 0.618 fib level
TP2 0.702 fib level
TP3 Top of the wedge
Note
Note
Remember we need break above it and a confirmation before entering into it. 2hr candle closed with a big rejection wait for break and confirmation
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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.
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.