Looking for price to make a pullback to the supply zone @1.33600 where I will be looking for potential swing opportunities to the previous low @1.31250
Market gap provided a nice opportunity for short position with a tight SL
- 2 possibilities as seen on chart I am in favour of a long position at retest of the symmetrical triangle before filling the wick from January - however rejection of the descending trendline above will confirm a short position
XAUUSD shows clear breakout of uptrend - Last week anticipated retest of channel @ 1320 region, however price found resistance on Friday @ 1303 H4 time-frame is showing a potential H&S formation - Will be looking for confirmation next week to short the pair