XAUUSD ANALYSIS 15 - 19 FEB
Updated
ANALYSIS
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DAILY TF: BEARISH CANDLES
4HR TF: BREAK OF RECENT LOWER LOW
1HR: BREAK OF A RECENT LOWER HIGH
PLAN OF ACTION
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- WAIT FOR RETRACEMENT/ CORRECTION PHASE ON THE 1HR TF TO COMPLETE BEFORE TAKING SELLS
- IF OPPORTUNITY PRESENTS ITSELF, WE CAN TAKE THE ANTI-TREND BUY TRADES
ENTRY REASON
--------------------
- BREAK OF CORRECTION PHASE
STOP LOSS @ TO BE DETERMINED AFTER CORRECTION
TAKE PROFIT @ NEXT ZONE
--------------
DAILY TF: BEARISH CANDLES
4HR TF: BREAK OF RECENT LOWER LOW
1HR: BREAK OF A RECENT LOWER HIGH
PLAN OF ACTION
----------------------
- WAIT FOR RETRACEMENT/ CORRECTION PHASE ON THE 1HR TF TO COMPLETE BEFORE TAKING SELLS
- IF OPPORTUNITY PRESENTS ITSELF, WE CAN TAKE THE ANTI-TREND BUY TRADES
ENTRY REASON
--------------------
- BREAK OF CORRECTION PHASE
STOP LOSS @ TO BE DETERMINED AFTER CORRECTION
TAKE PROFIT @ NEXT ZONE
Trade closed: target reached
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