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Yemi_Fx1

Yemi_Fx1 | Short for XAUUSD

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Yemi_Fx1  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Parallel Channel Chart Patterns forcasting xausdshort patterntrading swingtrade
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parallelchannel chartpattern forcasting xausdshort patterntrading swingtrade
From 1HTF perspective XAUUSD is moving in an ascending channel (Reversal pattern) waiting patiently for price to approach the area of value with a sell confluence before going short. So

I'll be considering
  • A Risk entry type at the top of the structure at an area of value.

  • Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag.

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