Great Opportunity to Short XAUUSD
Price Vector 2-3 in Major Flow dimension and Price Vector 2.1 – 3, both display exhaustion at Pivot 3. The High at Pivot 1 is therefore manipulated creating a minor downward price vector from 3 to 4.
Price Vector 4-5 is another drive by Market Makers to collect the sell stop orders by intelligent Short Sellers at Pivot 3. Price also displays a bearish reversal divergence between pivots 3 and 5. All these factors indicate that Market Makers have assumed large sell positions and it therefore make sense to enter short trade at Pivot 5.
Entry: 1676
Stop Loss: 1685
Target 1652
Disclaimer: The above analysis is for education purpose only. Trade at your own Risk.
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.
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.