XAUUSD - POTENTIAL LONG ENTRY
XAUUSD OUTLOOK
Price is in an uptrend movement which leaves a potential buy zone once price retraces to the region of the previous high.
Impulse long entries can be taken once price rejects that region.
The confirmations are the RBS zone, the SnD and the Trendline. We had already marked the Key Level, but will make sure to look out for the price action before making any entries.
We had our buy limits set up with upside potential in the R:R ratio of 1:4.
BUY LIMIT ORDER
BUY LIMIT - 1798.50
SL - 1794.50
TP - 1816.00
Price is in an uptrend movement which leaves a potential buy zone once price retraces to the region of the previous high.
Impulse long entries can be taken once price rejects that region.
The confirmations are the RBS zone, the SnD and the Trendline. We had already marked the Key Level, but will make sure to look out for the price action before making any entries.
We had our buy limits set up with upside potential in the R:R ratio of 1:4.
BUY LIMIT ORDER
BUY LIMIT - 1798.50
SL - 1794.50
TP - 1816.00
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