XAUUSD Asia- Long Opportunity 1:5 RR
Good Morning Asia,
This morning, I'm anticipating a long from 2510.50 towards a prior imbalance at 2510.10. I'll be waiting for a 1 mins entry confirmation if price pulls back towards my entry zone. Price is currently in a bullish cycle on the 15mins and 30mins.
It is important to note that the H1 timeframe still seems to be in a bearish cycle (see chart-shot below) with the final more aggressive phase of the cycle still pending. I see price building up liquidity at the moment before the final expansion to the downside potentially later today.
Happy Trading.
This morning, I'm anticipating a long from 2510.50 towards a prior imbalance at 2510.10. I'll be waiting for a 1 mins entry confirmation if price pulls back towards my entry zone. Price is currently in a bullish cycle on the 15mins and 30mins.
It is important to note that the H1 timeframe still seems to be in a bearish cycle (see chart-shot below) with the final more aggressive phase of the cycle still pending. I see price building up liquidity at the moment before the final expansion to the downside potentially later today.
Happy Trading.
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Related publications
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.