XAUUSD H4

Jan 12

After sweeping 2015.28 we saw price react from that level abruptly and breaking our descending wedge. We have a Reclaimed Order Block coming in at 2033.00 which is our entry long. We have a reentry opportunity coming in at 2045.11 which would be the safer entry point for confirmation purposes. More updates to follow.

Jan 12

Note

Move SL to breakeven and TP1 has been reached. Holding the reminder to 2070.86

Jan 13

Note

We have added more positions on this trade on our reentry level coming in at 2045.11

Jan 16

Note

We have exited our positions at breakeven coming in at 2045.11
We believe that this level is not willing to hold price, and se we are looking to reverse our positions.