There is a divergence within the PVG area. Following a Change of Character (CoCH) in the previous H4 time frame, and with the MA50 positioned below the MA200, this indicates an ongoing downtrend correction. Consequently, I have decided to take a short position.
I am interested in analyzing the XAUUSD chart because I noticed a PVG and BOS. Consequently, I placed a Buy Limit Order precisely at 50% PVG (2,770.427) with a Stop Loss at 2,754.687 on the 4-hour timeframe. I anticipate that my order will likely be executed in the coming days."
I see an opportunity for a short position in the USDJPY pair at the 100.062 area. This is the closest PVG area because there was a BOS before. The stop loss is in the 152.062 area.
