XAU/USD 1H - I am looking for further short opportunities on this market as well this week. Waiting for price to trade us up and into the area of Supply I have gone ahead and marked out for you all.
As soon as we see price trade us up and into the Supply Zone above, we have means to look to short assuming price breaks down nicely and delivers us with the confluence we need in order to enter.
I want to see price trade up, trade in and break structure to the downside fractally, in doing so we the confirmation needed to actually add to our short positions, riding price down and into the Demand Zone below.
Once we have all pieces of confluence, I will let you all know and if the trading opportunity presents itself I will be sure to keep you posted and send out the trade I am placing myself.
As soon as we see price trade us up and into the Supply Zone above, we have means to look to short assuming price breaks down nicely and delivers us with the confluence we need in order to enter.
I want to see price trade up, trade in and break structure to the downside fractally, in doing so we the confirmation needed to actually add to our short positions, riding price down and into the Demand Zone below.
Once we have all pieces of confluence, I will let you all know and if the trading opportunity presents itself I will be sure to keep you posted and send out the trade I am placing myself.
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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.