XAUUSD 4HR BULLISH SWING?
WEEKLY: Still bullish and just reached the 23.6 retracement level and isnt far from touching 38.2 retracement level.
4HR: Still bearish with a new low being made into the WEEKLY DEMAND ZONE. Need bullish momentum.
30MIN: Still bearish but need momentum to slow down to enter for buys.
REWARD:RISK Ratio: 4.50:1 or 10:1
ENTRY: 2705 area as the 3MIN momentum is starting to show as bullish in the WEEKLY DEMAND ZONE.
EXIT: 2 options. Could exit at the previous high on 4HR. Or could exit at the -27.6 Extension line where the 23.6 WEEKLY pullback would have been completed.
STOP LOSS: 2695ish area below 38.2 WEEKLY retracement line.
4HR: Still bearish with a new low being made into the WEEKLY DEMAND ZONE. Need bullish momentum.
30MIN: Still bearish but need momentum to slow down to enter for buys.
REWARD:RISK Ratio: 4.50:1 or 10:1
ENTRY: 2705 area as the 3MIN momentum is starting to show as bullish in the WEEKLY DEMAND ZONE.
EXIT: 2 options. Could exit at the previous high on 4HR. Or could exit at the -27.6 Extension line where the 23.6 WEEKLY pullback would have been completed.
STOP LOSS: 2695ish area below 38.2 WEEKLY retracement line.
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