02/08/2021 - 06/08/2021 XAUUSD Weekly High/Low
High and low of the week.
Typical structure SELL SELL * BUY BUY, anatomy of a candle.
See how price behave:
1. High and low & round number 55, 00
2. Correlate to XAG
3. Wednesday beware of PEAK (see Daily structure)
> Typical structure failed
-Wednesday ended with PINBAR STOPHUNT at Daily
-Thursday ENGULF LOCK at Daily High
-Thus, Friday is bearish day.
4. Timing factor, max 3 hrs to move, else cut loss
5. Always pending order for better price
6. XAU always moves in box 50>50pips, XAG 20-25pips
7. Entry candle always pinbar to stophunt, engulf to lock the H/L
Typical structure SELL SELL * BUY BUY, anatomy of a candle.
See how price behave:
1. High and low & round number 55, 00
2. Correlate to XAG
3. Wednesday beware of PEAK (see Daily structure)
> Typical structure failed
-Wednesday ended with PINBAR STOPHUNT at Daily
-Thursday ENGULF LOCK at Daily High
-Thus, Friday is bearish day.
4. Timing factor, max 3 hrs to move, else cut loss
5. Always pending order for better price
6. XAU always moves in box 50>50pips, XAG 20-25pips
7. Entry candle always pinbar to stophunt, engulf to lock the H/L
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