Here my idea on XAUUSD:
There is 2 possibility for this scenario:
1. Red Arrow:
a) Price entering red zone and rejected from the area of confluence, Long from this zone.
2. Blue Arrow:
a) Price continue higher and break the blue zone, Buy on retracement.
There is 2 possibility for this scenario:
1. Red Arrow:
a) Price entering red zone and rejected from the area of confluence, Long from this zone.
2. Blue Arrow:
a) Price continue higher and break the blue zone, Buy on retracement.
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Related publications
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.