Great Opportunity to Short XAUUSD
Price Vector 2-3 in Major Flow dimension and Price Vector 2.1 – 3, both display exhaustion at Pivot 3. The High at Pivot 1 is therefore manipulated creating a minor downward price vector from 3 to 4.
Price Vector 4-5 is another drive by Market Makers to collect the sell stop orders by intelligent Short Sellers at Pivot 3. Price also displays a bearish reversal divergence between pivots 3 and 5. All these factors indicate that Market Makers have assumed large sell positions and it therefore make sense to enter short trade at Pivot 5.
Entry: 1676
Stop Loss: 1685
Target 1652
Disclaimer: The above analysis is for education purpose only. Trade at your own Risk.
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