confluence - RWH touched of previous week , and consolidated/distributed for like 1 week straight, mark down divergence in (4 hours TF and daily TF!!) , got a big stop hunt in us brinks - Thursday (second leg of the M) , a lot of 4 hours stopping volume coming at the top , broke this M pattern and touched the RDL (mean we have completed level 1 of this M pattern...
XAUUSD Long R/R: 1:3 I think Strong Support, Bullish Engulfing Feel free to share your opinions in the comment!
Short Signal Entry ~ 1480.00 Stop Loss @1491.00 Take Profit @ 1450.00 This Entry Based on HS Neckline Breakout's Retest Level.