XAUUSD MoveMent 20200810-14
Updated
I have a sneaky suspicion this will be how we will move this week.
I am a little bias as I *do* want it to go up-n-up (green channel) but yes I suspect we may range sideways for a few days with some fresh data to feed this idea by COB mid week.
If we hold for a dozen 15M candles between 2000-2010 (yellow channel) then chances are this will tank hard where 1970-1980 (red channel) will be the next area to watch whether it'll continue to plummet or bounce, won't know till more data is available though.
Your thoughts?
#ClubeXo
I am a little bias as I *do* want it to go up-n-up (green channel) but yes I suspect we may range sideways for a few days with some fresh data to feed this idea by COB mid week.
If we hold for a dozen 15M candles between 2000-2010 (yellow channel) then chances are this will tank hard where 1970-1980 (red channel) will be the next area to watch whether it'll continue to plummet or bounce, won't know till more data is available though.
Your thoughts?
#ClubeXo
Note
FYI, I've extended the bars between the 14th just incase things get condensed down into one week, so those white bars are not *exact* but ballpark.#NotTradingAdvice
Note
So looks like the first testing of the green channel came earlier!Perhaps the candles beyond the 14th might condense down into this week.
#ClubeXo
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