GOLD last structure completion before the drop?
Updated
Hi traders:
XAUUSD is still on my weekly watch list for a sell.
We see price action forming this last ascending structure, correcting itself up towards the higher time frame structure, and double tops.
When I see these structure within structure, it further adds confluence to my style of trading.
What I like to see the price do now is to have a strong move to the downside on lower time frame, and I will look for continuation correction to add in the sell.
Its important to know even if price continues to break up, if I see that sharp down move on the lower time frame followed by a correction, the sell is still valid in my plan.
Traders, if you like my analysis, please like, follow, and comment. I welcome all kinds of feedback, suggestions and opinions, thank you.
XAUUSD is still on my weekly watch list for a sell.
We see price action forming this last ascending structure, correcting itself up towards the higher time frame structure, and double tops.
When I see these structure within structure, it further adds confluence to my style of trading.
What I like to see the price do now is to have a strong move to the downside on lower time frame, and I will look for continuation correction to add in the sell.
Its important to know even if price continues to break up, if I see that sharp down move on the lower time frame followed by a correction, the sell is still valid in my plan.
Traders, if you like my analysis, please like, follow, and comment. I welcome all kinds of feedback, suggestions and opinions, thank you.
Note
Note
Note
Price had an impulse move up, break above structure. However it did retrace back down. This fits of trading plan for a valid setup, If we see a correction here then I would be looking for sell entry down.
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