Yesterday, the chart dropped sharply. What should we do next?
Based on the plan I made for the week, I anticipated that the price of XAUUSD wouldn’t drop below 2735. However, the result was that on just Monday alone, the chart dropped significantly, breaking through all 3 demand zones I had planned for.
Therefore, today we’ll adopt a day-to-day strategy. For today, the focus will be on selling since the price has shifted CHoCH at 2735 in both H1 and H4. We will wait for the chart to retrace to our POI zone, form a CHoCH in the smaller timeframe, and then look for an entry point from the newly created supply zone."
Therefore, today we’ll adopt a day-to-day strategy. For today, the focus will be on selling since the price has shifted CHoCH at 2735 in both H1 and H4. We will wait for the chart to retrace to our POI zone, form a CHoCH in the smaller timeframe, and then look for an entry point from the newly created supply zone."
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