How we getting on guys! Just wanted to drop my analysis down on the XAU/USD market. I have had great success with this pair as of recent.
I believe this market is temporarily bullish whilst price is still within this higher TF corrective wave, once we see price trail into my higher TF POI, I am wanting to see price reverse.
My POI is situated between 1708-1715. Now in order to execute sell positions longer term we will need to see a BOS displayed and good rejection to be presented from this zone.
Assuming we have that we can look to sell with out SL above the structural high created and the TP set at the previous higher TF swing low!
I believe this market is temporarily bullish whilst price is still within this higher TF corrective wave, once we see price trail into my higher TF POI, I am wanting to see price reverse.
My POI is situated between 1708-1715. Now in order to execute sell positions longer term we will need to see a BOS displayed and good rejection to be presented from this zone.
Assuming we have that we can look to sell with out SL above the structural high created and the TP set at the previous higher TF swing low!