A quick example of xauusd for possible shorting position
Hello traders
In this case we are looking gold trading idea from overall bullish direction.
From first H4 breaking - Daily whales were not looking interested in defending own demand zone. Because it's hard to know whether is just a tricky part or not
At daily recent Lower Low 1798.73$ - 4 hour whales tried first breaking move and failed. Daily whales bounced back but not sharply.
!There is a question mark! Are daily's still alive and they are hiding behind the whole scene or daily's are out of gas and need ''lower rest'' because of not proving strong power at time 4 hour whales tried to break recent lower low support level at 1798.73.
This analysis can be traded from contra trade perspective if H1 confirmation prove its retracement (more in disscussion room). If not, we still should be on overall bullish side and wait for right timing and more data.
Read more about us on elitefxacademy and join free suggestion room
GOOD TRADING
ELITE FX ACADEMY
In this case we are looking gold trading idea from overall bullish direction.
From first H4 breaking - Daily whales were not looking interested in defending own demand zone. Because it's hard to know whether is just a tricky part or not
At daily recent Lower Low 1798.73$ - 4 hour whales tried first breaking move and failed. Daily whales bounced back but not sharply.
!There is a question mark! Are daily's still alive and they are hiding behind the whole scene or daily's are out of gas and need ''lower rest'' because of not proving strong power at time 4 hour whales tried to break recent lower low support level at 1798.73.
This analysis can be traded from contra trade perspective if H1 confirmation prove its retracement (more in disscussion room). If not, we still should be on overall bullish side and wait for right timing and more data.
Read more about us on elitefxacademy and join free suggestion room
GOOD TRADING
ELITE FX ACADEMY