There is already a visible divergence on the XAUUSD market 4H and 1H, which formed throughout the last week. The XAUUSD price has shown a BOS and CHOCH on the 1H TM during the last week Friday.
There is two expectant situations coming Monday 11th/12th August.
■ An instant sell from the Orderblock on 1H TM l marked with a shape and a reaction arrow line.
■ As a result of a new week, there may be a possible spike upwards to test the Divergence for the 3rd time, which is normal in most cases before selling from the Orderblock on the H4 TM.
Whichever area the selling impulse correction for the last two weeks happens, we are targeting 600 pips. Good luck 👍
@Progress-Fx
There is two expectant situations coming Monday 11th/12th August.
■ An instant sell from the Orderblock on 1H TM l marked with a shape and a reaction arrow line.
■ As a result of a new week, there may be a possible spike upwards to test the Divergence for the 3rd time, which is normal in most cases before selling from the Orderblock on the H4 TM.
Whichever area the selling impulse correction for the last two weeks happens, we are targeting 600 pips. Good luck 👍
@Progress-Fx
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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.