XAUUSD 4HR BEARISH PULLBACK THIS WEEK?
WEEKLY: Still Bullish but could make an official pullback to at least 23.6 level.
4HR: Lots of Bearish momentum. Would like to see bullish fakeout to 2760ish area then continue going bearish into 2715 area.
2760 would be 50% retracement for Entries.
2715 would be 127.6% level for Exits.
30MIN: Need a bullish move into 4hr Supply Zone.
ENTRY: ONLY after confirmation of 3min BOS in 4hr Supply Zone or after touching zone.
TAKE PROFIT: 2715 area.
STOP LOSS: 2760s area but ONLY after 3min bearish confirmation in 4hr Supply Zone.
REWARD TO RISK RATIO: 2:1 up to 6:1 depending on where you put your stop loss 2760-2775ish
4HR: Lots of Bearish momentum. Would like to see bullish fakeout to 2760ish area then continue going bearish into 2715 area.
2760 would be 50% retracement for Entries.
2715 would be 127.6% level for Exits.
30MIN: Need a bullish move into 4hr Supply Zone.
ENTRY: ONLY after confirmation of 3min BOS in 4hr Supply Zone or after touching zone.
TAKE PROFIT: 2715 area.
STOP LOSS: 2760s area but ONLY after 3min bearish confirmation in 4hr Supply Zone.
REWARD TO RISK RATIO: 2:1 up to 6:1 depending on where you put your stop loss 2760-2775ish
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