XAUUSD We know the market is EXTREMELY BULLISH HOWEVER
*If last ATH highs are used as Psychological Levels in the market (2952) was grabbed before +1000 pip move to the downside.
*We are at the same price levels psychologically of 3055.
*Higher TF Move Based on 1Hr an 4HR rejections at price levels 3035 - 3042.
*Anything breaks and closes above these levels, this idea will be INVALIDATED.
*Break an Closures below support will give way for a fresh wave of sellers to step in to push price further down to 3000 levels, WITH POTENTIAL FOR ANOTHER 1000 pip.
American Session Will Confirm or Deny what was said here.
-Price Action
-Fibonacci
-Technical Analysis
This is not financial advice.
Trade active
TRADE IS NOW ACTIVEEntry: 3036.91
Exit: 2952.33
Pip Count: +845
Hold Time: 1.5Week
Risk Manage On The Way Down
Take Partials
Note
2nd ENTRY on 3027.43 1Hr Highs RejectionPartials On The Way Down!
Note
3rd ENTRY on 3014.19 1Hr Bearish FVG Rejection/4Hr 61.8 Golden ZonePartials On The Way Down!
Note
2nd n 3rd Entry Stop out at B/E2nd Entrance on 3035.13 Out of Resistance
Take Partials on the way down
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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.
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.