Greetings fellow traders, eurusd is possibly demanding price reversals & it will not just reverse because we want it to.. look for perfect reversal entry, & I would recommend m15 entry + sl.. overall the ''possible high buy zone'' has also the potential of price attraction to take out small accounts; the IT always do that. MY general rule of thumb, purple...
Areas with rectangles are areas of TP..this was overall a short position trade but you know how them IT are. Find proper entry for low risk SL.
This will require the patience & a sell limit order by the resistance with a monitored stop loss - TP at previous broken resistance, now support
Short XAUUSD, follow m15 timeframe for entry.. trendline has been respected since, now doing price retest for the third touch
Price broke support, did retest of the break & now dropping