Xauusd short analysis
Updated
Hi everyone.
In 4H TF we touched the resistance level four times, we also have a good divergence in TSI indicator and a broken trend line with a retest.
I think in this situation it looks more bearish, but as we have GDP report ahead, I'm not going to risk my capital for this Idea.
Those who want to enter this trade please consider volatility & and high spread in the report time. Risk management is the key.
Lets see what happens...
In 4H TF we touched the resistance level four times, we also have a good divergence in TSI indicator and a broken trend line with a retest.
I think in this situation it looks more bearish, but as we have GDP report ahead, I'm not going to risk my capital for this Idea.
Those who want to enter this trade please consider volatility & and high spread in the report time. Risk management is the key.
Lets see what happens...
Trade active
Those who set this order, the entry triggered yesterday and is active.
I think we reached about 1:2.5 RR.
Partial exit and SL to BE pls.
Goodluck.
Note
I think that was a good entry point and we're going to 2480 and then 2460Note
In the 1H TF we have a double bottom pattern and divergence in TSI indicator. So If any candle closes above the 1H swing high I'll close the rest of the trade.
Let's see what happens...
Note
On the other hand, on DXY(Dollar index) we have a broken trendline and a level of resistance that was touched 3 times and divergence in TSI indicator. If the price closes below the low then we can say that DXY is going down and it can cause Gold to go up...
Trade closed: target reached
Yeah, We reached the target.
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