XAUUSD Long
Updated
Feb 2nd Features:
Double Distribution Trend Day
Selling Composite Day
No Tails
However despite a clear attempt from sellers to move the market down on Friday, value has moved upwards and the volume numbers on the day have decreased significantly
This demonstrates that price may need to return to previous level of acceptance in order to retest the selling imbalance created on Friday
Double Distribution Trend Day
Selling Composite Day
No Tails
However despite a clear attempt from sellers to move the market down on Friday, value has moved upwards and the volume numbers on the day have decreased significantly
This demonstrates that price may need to return to previous level of acceptance in order to retest the selling imbalance created on Friday
Comment
Half the trade will be closed after 5 points (2033) in order to bank profits and create a risk free situation as price could reverse at multiple points of resistance
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