Looking for sells
Updated
XAUUSD is still Bearish. I think next week we are gonna see a rectracement to this ''Imbalance''.
My reason: 80% of the traders will say "oh look a double bottom it will reverse again"
But based on my rules an thoughts I think we are gonna see a retracement from the move this week and it will show some price action. After that I will place my entry and TP right on the Liquidity.
Entry: 1641.021
Stoploss: I need to see price action first around this area 1641.021
Take profit: 1613.328
Any advice is welcome!
My reason: 80% of the traders will say "oh look a double bottom it will reverse again"
But based on my rules an thoughts I think we are gonna see a retracement from the move this week and it will show some price action. After that I will place my entry and TP right on the Liquidity.
Entry: 1641.021
Stoploss: I need to see price action first around this area 1641.021
Take profit: 1613.328
Any advice is welcome!
Note
I didn't took the Sell. I was looking for a retracment, because the buy looked way too easy. To bad it already launched from my level. I was waiting for liquidity to take out.analysis: W
trade: NO
Profit: Knowledge
Note
I even put a Stoploss line to show where I would place my buy if the sell was done.
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