XAUUSD Long
Updated
Reasons for bullish bias:
-Very strong timeframe confluence
-Bullish trend on daily timeframe
-Bullish trend on hourly timeframe
-Break of 1H & 15min local downtrend
-Bullish price action on 1H & 15min timeframe
-Rejection from below at daily key level area
Confirmations to look for:
-Break & retest of local downtrend on 1min timeframe
-Higher low & higher high on hourly timeframe
-Break & retest of daily pivot on hourly timeframe
This one may be very accurate entry on daily bullish trend.
Let's wait for confirmation before entry.
This is just idea, not trading advice, use at own risk.
-Very strong timeframe confluence
-Bullish trend on daily timeframe
-Bullish trend on hourly timeframe
-Break of 1H & 15min local downtrend
-Bullish price action on 1H & 15min timeframe
-Rejection from below at daily key level area
Confirmations to look for:
-Break & retest of local downtrend on 1min timeframe
-Higher low & higher high on hourly timeframe
-Break & retest of daily pivot on hourly timeframe
This one may be very accurate entry on daily bullish trend.
Let's wait for confirmation before entry.
This is just idea, not trading advice, use at own risk.
Note
We can now see on 1min & 15min & hourly timeframes multiple rejections frombelow at 1952.50 level, which supports our bullish bias.
Keep in mind that this can still be a reversal to bearish, because of that we need to
see more bullish price action on hourly & 15min timeframes. What we are looking
for is one more higher high and break/retest of 1960 level.
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