XAUUSD 3hr Chart Divergence + pin bar in Demand Zone on HTF
Buying soon, given a short term bullish divergence and candle formation
Target 1 is a combination of a supply zone on a lower time frame and a 38.2% retracement of the recent decline - this will still be a 2:1 trade, if it grinds higher into the supply overhead (at which point I would likely short) then it will be a nice 6:1 trade
Still bearish but will try for a quick snap back rally into a sell area to reestablish a short again
Target 1 is a combination of a supply zone on a lower time frame and a 38.2% retracement of the recent decline - this will still be a 2:1 trade, if it grinds higher into the supply overhead (at which point I would likely short) then it will be a nice 6:1 trade
Still bearish but will try for a quick snap back rally into a sell area to reestablish a short again
Trade active
Trade closed: stop reached
And sometimes you are just plain wrong
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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.