Morning Folks.
I have a long trade idea here on XAUEUR. 4H bearish structure has shifted to bullish. I'm expecting price to retrace back to the demand zone (also support) at 1749.42 which is the August 2020 high. I'll be looking for confirmation before going long. A shift in momentum will be enough to justify an entry with stops around 1745.37.
I'll be watching yields as we approach the zone.
Let's see how it plays out?
I have a long trade idea here on XAUEUR. 4H bearish structure has shifted to bullish. I'm expecting price to retrace back to the demand zone (also support) at 1749.42 which is the August 2020 high. I'll be looking for confirmation before going long. A shift in momentum will be enough to justify an entry with stops around 1745.37.
I'll be watching yields as we approach the zone.
Let's see how it plays out?
Trade closed: stop reached