From the chart, you will understand that xauusd is about to buy
Reasons;
1; In daily timeframe, you will see a hammer candlestick [ signal for long time buy]
2; Falling wedge pattern breakout
3; In 4 hrs, Third trendline touch [signal for reversal]
4; In lower timeframe, you will see a double bottom before the falling wedge breakout [ signal for reversal]
Reasons;
1; In daily timeframe, you will see a hammer candlestick [ signal for long time buy]
2; Falling wedge pattern breakout
3; In 4 hrs, Third trendline touch [signal for reversal]
4; In lower timeframe, you will see a double bottom before the falling wedge breakout [ signal for reversal]
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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.
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.