XAUUSD _ 4th week of Feb 2021
What information can we get on XAUUSD:
1. Rejection of price from Daily and Weekly support level
2. I draw two resistant trendline to measure a breakout
Ideas for entry:
a. I'll probably looking for Long opportunity at the first resistant trendline OR
b. I wait for the price action at the 2nd resistant trendline. I'll aiming for Long position if the price break this trendline
* its best to look for the price action before we take any position with proper Risk management RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension
1. Rejection of price from Daily and Weekly support level
2. I draw two resistant trendline to measure a breakout
Ideas for entry:
a. I'll probably looking for Long opportunity at the first resistant trendline OR
b. I wait for the price action at the 2nd resistant trendline. I'll aiming for Long position if the price break this trendline
* its best to look for the price action before we take any position with proper Risk management RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension
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.
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.