XAUUSD - POTENTIAL LONG ENTRY
XAUUSD OUTLOOK
Price is in an uptrend movement which leaves a potential buy zone once price retraces to the previous high.
Impulse long entries can be taken ONLY once price rejects that region.
There are multiple confirmations which are the Trendline, the RBS zone in the H4 timeframe, the SnD in the M30 timeframe.
We had our buy limits set up with upside potential in the R:R ratio of 1:3.
TP can be placed at the recent order block where price might be mitigated, and SL can be placed just below the recent high.
Price is in an uptrend movement which leaves a potential buy zone once price retraces to the previous high.
Impulse long entries can be taken ONLY once price rejects that region.
There are multiple confirmations which are the Trendline, the RBS zone in the H4 timeframe, the SnD in the M30 timeframe.
We had our buy limits set up with upside potential in the R:R ratio of 1:3.
TP can be placed at the recent order block where price might be mitigated, and SL can be placed just below the recent high.
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