XAU/USD / H2 : are bulls really wrong footed ?
Updated
This quick analysis asks a good question... Do we really have a bear trend on gold and other metals or is this just a stop hunt ?
I would plead for the second option because the peak showed not a single sign of reversal signal... It sure tried to chase the bulls stops by 'wrong footing' them.. but I'm not really sure about the real conviction here..
I still have no viable signal for now.. but it Sinewave somehow confirms me the end of the bear trend in the near future... I'll sure give it a nice call ;)
Hope this idea will inspire some of you ! I'm pretty new to TradingView so I'ld appreciate any like/follow if you feel like it deserve it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators
I would plead for the second option because the peak showed not a single sign of reversal signal... It sure tried to chase the bulls stops by 'wrong footing' them.. but I'm not really sure about the real conviction here..
I still have no viable signal for now.. but it Sinewave somehow confirms me the end of the bear trend in the near future... I'll sure give it a nice call ;)
Hope this idea will inspire some of you ! I'm pretty new to TradingView so I'ld appreciate any like/follow if you feel like it deserve it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Note
First TP realized today after an entry on the wedge breakout +360pips. I keep 25% running for the swing scenario and will watch out for further reinforcments if price confirms. We finally didn't make a final bear push and my intuition about a bear trap feels now valid. Price still need to hold the break up of 1250 in order to fully activate the background scenario on the higher timeframes.
To learn more about the PRO Strategy and request a trial for the indicators:
Website : pro-indicators.com
Discord : discord.gg/Agdf5rt
Website : pro-indicators.com
Discord : discord.gg/Agdf5rt
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