XAUUSD SELL
From M15 tf, we see the price breakout from previous demand zone. Price currently retesting the demand zone which currently become swap zone. If the retesting succeed, price may bearish until it reach the next snd zone. If the price break from the swap zone, we can focus on H1 supply zone and find oppoturnity for sell.
Note
Price did not break from swap zone. We can focus on buy position once candle close in the swap zone area.Note
Price hitting the demand zone(swap zone) and continue to fly until the supply zone. We can focus on sell strategy.Note
price consolidate above the supply zone. The area where most people take profit. Long shadow from latest m15 candle. This is a great watchlist.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.