Market structure of XAUUSD in 4h and 15min timeframes
Updated
4H swing is bullish => Currently it is a pullback wave
M15 swing is bullish => Currently it is a pullback wave
We can look for selling opportunities down to the Demand zone of the 15 minute time frame
M15 swing is bullish => Currently it is a pullback wave
We can look for selling opportunities down to the Demand zone of the 15 minute time frame
Note
Price drops to Demand zoneWe can only buy when M15 gives a rising CHoCH signal
Note
Price broke through the strong swing bottom of the 15-minute time frame and showed a bearish reversal signal. We can look for short selling opportunities when the price rises again to the OB area of the 4-hour frame
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