XCUUSD: Are we seeing the dawn of a big Bullish move?
Price reacted to a recent structure low(2020 low) with a rejection and end the day with an indecision candle. With the ultra high daily volume traded and price closing slightly above the value area, I am inclined to believe that we might be seeing a strong Bullish move soon. I will be looking for further evidence in the form of a rejection of Fri low with an impulse bullish candle or a daily candle closing above 2.5800 to confirm Bulls in control.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
Note
There is a rejection of Fri low follow by an H4 Bullish impulse move. According to my trading plan, I will be looking at the smaller time frame to go LONG on pull back
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.
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.