Daily XAUUSD analysis, 20 Aug 2024.
- After a swing BOS we expect a swing pullback phase and INT pullback phase too.
- Now we can wait for the structure shift to play shorts targeting the INT structure
EQ first and then see how the price will react.
4H:
- LQ sweep to the left and bearish CHoCH, now we can play shorts to target the weak INT low that failed to break the high.
15M:
- Now we can wait for the structure shift to play shorts targeting the INT structure
EQ first and then see how the price will react.
4H:
- LQ sweep to the left and bearish CHoCH, now we can play shorts to target the weak INT low that failed to break the high.
15M:
Comment
I had a wrong perspective on the market.
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