XAUUSD PriceAction Is King
This is my technical analysis based on PriceAction!! Not financial advise.
- trade took based on daily flip after fomc push for highs and failed
- entered on the rejection immediately expecting price to have a daily retest of the lows and price absolutely melted to the downside
- 1hr candle closed bearish engulfing, aboslute melter
- daily flip confirmed with excellent close at 1930
- with the next day opening bearish we were good to fall 300pips at least.
- breaking zones of 1893 very key for more downside movement
- absolute tp 1871.97
Happy hunting
- trade took based on daily flip after fomc push for highs and failed
- entered on the rejection immediately expecting price to have a daily retest of the lows and price absolutely melted to the downside
- 1hr candle closed bearish engulfing, aboslute melter
- daily flip confirmed with excellent close at 1930
- with the next day opening bearish we were good to fall 300pips at least.
- breaking zones of 1893 very key for more downside movement
- absolute tp 1871.97
Happy hunting
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