Sell XAU
Updated
On the daily, I see that price is in a downtrend and hit -27 twice on the daily fib after retracing to 61.8
On the 4HR, I can see that price was in a downtrend, hit TP2 -61.8, on the 4Hr fib and appears to be trending up, breaking resistance.
On the 1HR, price was in an uptrend. It broke resistance and hit -27 on the 1HR Fib.
Since price only retraced to 38.2, I am looking for it to drop, come back down to the trendline AND weekly key level. (150 - 200 pips)
On the 4HR, I can see that price was in a downtrend, hit TP2 -61.8, on the 4Hr fib and appears to be trending up, breaking resistance.
On the 1HR, price was in an uptrend. It broke resistance and hit -27 on the 1HR Fib.
Since price only retraced to 38.2, I am looking for it to drop, come back down to the trendline AND weekly key level. (150 - 200 pips)
Trade active
Order cancelled
I actually never entered this trade because it did not break and retest my entry point. So, no love lost.
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