XAUUSD Most Likely Happen Next Week (01/11 - 05/11/2021)
Above chart was 25/01/2021 - 29/01/2021.
This type of similar structure will most likely happen on next week. (01/11/2021 - 05/11/2021).
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See how price will behave:
MUST
1. High Low Week / High Low Day
2. Round number 55, 00
3. Daily candlestick pattern
4. Entry timing
ASIA 0400
LON 1000
NY 1600
5. Entry candlestick
Pinbar
Engulf
Railroad
6. Always TP except Thursday & Friday > 3RR
Mon Wed 1:2
Tue 1:3
7. SL breathing
25-27pips
8. Pending order, never Market order
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ADDITIONAL CONSIDERATION
# Weekly bias
Buy B * Sell S
S S * B B
# Typical candlestick structure
Anatomy of candle, always push to other side first before real move
# Peak day
Monday
Wednesday
# Box move
XAUUSD 25-50pips (up to 100 if PEAK)
XAUEUR (look for correlation)
# Timing management
2-3 hrs max, else cut loss
# If structure failed
Wait for 3 pushes to next HOD HOW / LOD LOW
This type of similar structure will most likely happen on next week. (01/11/2021 - 05/11/2021).
-------------------------------------------------------------------------------------------------------------------------------
See how price will behave:
MUST
1. High Low Week / High Low Day
2. Round number 55, 00
3. Daily candlestick pattern
4. Entry timing
ASIA 0400
LON 1000
NY 1600
5. Entry candlestick
Pinbar
Engulf
Railroad
6. Always TP except Thursday & Friday > 3RR
Mon Wed 1:2
Tue 1:3
7. SL breathing
25-27pips
8. Pending order, never Market order
-------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL CONSIDERATION
# Weekly bias
Buy B * Sell S
S S * B B
# Typical candlestick structure
Anatomy of candle, always push to other side first before real move
# Peak day
Monday
Wednesday
# Box move
XAUUSD 25-50pips (up to 100 if PEAK)
XAUEUR (look for correlation)
# Timing management
2-3 hrs max, else cut loss
# If structure failed
Wait for 3 pushes to next HOD HOW / LOD LOW
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