As XAUUSD continues the bullish indications on Daily and weekly timeframes. The time for a pullback is close.
As traders, our job is not to predict what the market will do but to react to what we see. As we can see the structure is clearly still bullish, but if we zoom in we can see that the momentum has started to shift with momentum. Even if you see a zone holding
This is where a lot of traders including myself are being trapped. We are looking to predict the buy - to take out the highs, or sell the highs and find ourselves trapped in a contradiction most of the times.
The impulse indicated with red is holding nicely and the structure provided a sell opportunity as well.
Now if we see a break above the most recent structure zone or a break below we can adjust our views accordingly. If you eliminate emotions, don't have a bias, you can observe the market clearly. If you predict, most of the times you will be wrong.
But THEIR blueprint is the only thing you have. The chart. News and every fundamental will most likely mess with your perspective.
As traders, our job is not to predict what the market will do but to react to what we see. As we can see the structure is clearly still bullish, but if we zoom in we can see that the momentum has started to shift with momentum. Even if you see a zone holding
This is where a lot of traders including myself are being trapped. We are looking to predict the buy - to take out the highs, or sell the highs and find ourselves trapped in a contradiction most of the times.
The impulse indicated with red is holding nicely and the structure provided a sell opportunity as well.
Now if we see a break above the most recent structure zone or a break below we can adjust our views accordingly. If you eliminate emotions, don't have a bias, you can observe the market clearly. If you predict, most of the times you will be wrong.
But THEIR blueprint is the only thing you have. The chart. News and every fundamental will most likely mess with your perspective.
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.