XAU/USD Trade idea going into November.
It looks like a possible head and shoulders formation on the higher time frame(4 hr). We just had a massive bull run to the upside hitting a high of $2780+. Now we are seeing a correction in the market. Missed the early entry to the downside after the bull run. Looking to capitalize on the continuation of the correction. Based on the fact that we just had a bull run and the possible head and shoulders formation, I want to take a sell on the right shoulder before the re test of the neck line. Looking to target the change of character zone and wait for a sell confirmation before enter the trade of the 1 hour chart. Looking to target sell side liquidity for my profit zone. Hopefully I've made a good analysis and looking forward to what you guys think! Feel free to leave some constructive criticism for me to consider.
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