Hello,
this is my own opinion about XAUUSD timeframe 4h today
as far as i can see, XAUUSD 4h still in trendline channel downtrend
but, in meantime, we can see also pattern Flag has form, so i think we can entry now or wait for break downtrend/flag
but the seller volume is quite big in the previous candle 4h, so manage your own RRR (Risk Reward Ratio)
PWH = Previous Week High
PWL = Previous Week Low
Price now is around 4h bull fvg + daily
if we use fibonacci price also hit 0.618
this is my own opinion about XAUUSD timeframe 4h today
as far as i can see, XAUUSD 4h still in trendline channel downtrend
but, in meantime, we can see also pattern Flag has form, so i think we can entry now or wait for break downtrend/flag
but the seller volume is quite big in the previous candle 4h, so manage your own RRR (Risk Reward Ratio)
PWH = Previous Week High
PWL = Previous Week Low
Price now is around 4h bull fvg + daily
if we use fibonacci price also hit 0.618
Trade active
ok i hit the PWH, i close the tradethanks
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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.
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.