XAUUSD Update on short
So at the moment this is what I see
Please not that the red price label are not accurate you would need to go and look at the fib levels for the correct price zone im just to lazy to adjust it to the right price point
So i can see a jump back up to 1665.047 ish zone then I will be adding some more sell scalps for lunch money
After 1665.047 we would need it to break below the .236 lvl of 1759.054 to be used as a resistance
After .236 lvl (1759.954) is broken then the 10% is next at 1755.264 to be used as a stronger resistance because it can also be used as a bounce zone
Same tp: for short swings 1733.329
Scalp Shorts: Whatever you feel like taking i dont take anything less then 80-100 pips cause r/r
SL:1767
Anything above 1765.047 then short will be out and it'll hit my sl for my short swings also but if it does go to 1765.047 i will be adding to my short scalp positions with a 20 pip sl
Also will be watching the 20 and 50 ema on the hourly time frame cant really keep you guys updated 24/7 but i will try
Please not that the red price label are not accurate you would need to go and look at the fib levels for the correct price zone im just to lazy to adjust it to the right price point
So i can see a jump back up to 1665.047 ish zone then I will be adding some more sell scalps for lunch money
After 1665.047 we would need it to break below the .236 lvl of 1759.054 to be used as a resistance
After .236 lvl (1759.954) is broken then the 10% is next at 1755.264 to be used as a stronger resistance because it can also be used as a bounce zone
Same tp: for short swings 1733.329
Scalp Shorts: Whatever you feel like taking i dont take anything less then 80-100 pips cause r/r
SL:1767
Anything above 1765.047 then short will be out and it'll hit my sl for my short swings also but if it does go to 1765.047 i will be adding to my short scalp positions with a 20 pip sl
Also will be watching the 20 and 50 ema on the hourly time frame cant really keep you guys updated 24/7 but i will try
Note
Please ask me any questions and dont feel shy ill answer it as soon as i canNote
also i am waiting for the 1 day candle to close before i get into any trades btwNote
looking goodNote
atm watching the 50 ema on the 30 min its being testNote
engulfing candle on the 1 hourNote
cutting my scalps hereNote
will try another short scalp at 1768Note
scalps took profit :)Note
hope everyone has an amazing weekend see you guys sundayNote
1759.434 top 1756.901 next scalp entry for sundayNote
New chart is up for next week come check it out
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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.