- XAUUSD breaking out of falling wedge on 2hr. It's consists LH LLs.
- XAUUSD also tapped previous lows range and rejected it
- creating HH and HLs on ltf = Basically Gold's market structure is flipping to bullish
Entry when it confirms breakout of wedge
TP1 0.618 fib level
TP2 0.702 fib level
TP3 Top of the wedge
- XAUUSD also tapped previous lows range and rejected it
- creating HH and HLs on ltf = Basically Gold's market structure is flipping to bullish
Entry when it confirms breakout of wedge
TP1 0.618 fib level
TP2 0.702 fib level
TP3 Top of the wedge
Comment:
BOS and this is view on LTf ( lower timeframe)
Comment:
Remember we need break above it and a confirmation before entering into it. 2hr candle closed with a big rejection wait for break and confirmation
