Xauusd possible breakout
Updated
A strong dump In Xauusd have caused imbalance which according to my analysis will be filled during or post NFP. if the Trendline is broken than enter sell position after retest tp is horizontal ray levels given on chart and sl according to your risk.
If price fails to break Trendline and consolidates on ltf on Trendline then enter buy position and tp is the middle line of Fvg box and sl 2% of your capital.
If price fails to break Trendline and consolidates on ltf on Trendline then enter buy position and tp is the middle line of Fvg box and sl 2% of your capital.
Note
Tp 1 hit book partials and sl on breakeven to make trade risk freeNote
Tp 2 hit booking full profit here. trade closedNote
Tp 3 hit for those whose trades are still running
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.