In doing my multi-timeframe analysis from earlier in the evening I was bias long. However I wasn't sure if price wanted to make a deeper pullback to the 1H LQZ I had marked up or even come down for the 3rd touch of my trendline in the ascending wedge (reversal pattern).
Dropping down to the 5m timeframe I saw price slowing and formed a hover. I could have set an...
*The following Analysis is made by my Trading BOT*
Analysis of Your Trade:
Descending Channel:
Formation and Breakout: The descending channel is well-defined, indicating a corrective phase following an impulsive move. The breakout above the channel suggests a potential reversal or continuation of the prior trend, which appears bullish.
Entry Timing: You entered...
Here i bring you xauusd analysis for this coming week . So here there is likely up movement and there is chance of pull back so the area of BUY is mark. So is betterto to set a nice target stoploss before entering a trade.