Get started
angieh

LONG - XAUUSD (H1) (24 May 2023)

Long
Gold Spot / U.S. Dollar (PEPPERSTONE:XAUUSD)  
angieh Updated   
PEPPERSTONE:XAUUSD   Gold Spot / U.S. Dollar
Supply and Demand xauusdlong
0
0
supplyanddemand xauusdlong
SHORT TERM TRADE

Price continues to rally in H1 beyond target profit price.

snapshot

Hence, to target another LONG trade in H1 before price is near another supply zone

snapshot

Trade closed: stop reached:
H1 trade did not work out as price pierced deeper and hits SL before rallying up.

Need to observe and confirm my analysis that XAUUSD will continue to rally (in H1) before hitting HTF supply zone, thus activating the SELL limit order on the HTF.
Comment:
Price touched a H4 demand zone and rallied up!
Comment:
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.