Hello Traders!
We have an interesting graph when we look on Xau/Usd...
On D1 the trend (Swing) is bullish and price start a new impulse from demand.
On H4 the trend (Internal) is bearish and price reach an interesting daily supply.
On lower tf the price give us bullish signs (lower highs and higher highs).
What we expect? Bullish move because of the big trend or Bearish move because price could react from this supply and continue the internal trend?
Bullish scenario: I will look at price to break the D1 supply and continue the bullish signs for a bullish entry or maybe to break the internal high for a conservative scenario.
Bearish scenario: I will wait the price to break the low point from the daily supply and a retracement at the origin of the low impulse before I start selling.
For more info leave a comment!
Good luck and risk wisely!
We have an interesting graph when we look on Xau/Usd...
On D1 the trend (Swing) is bullish and price start a new impulse from demand.
On H4 the trend (Internal) is bearish and price reach an interesting daily supply.
On lower tf the price give us bullish signs (lower highs and higher highs).
What we expect? Bullish move because of the big trend or Bearish move because price could react from this supply and continue the internal trend?
Bullish scenario: I will look at price to break the D1 supply and continue the bullish signs for a bullish entry or maybe to break the internal high for a conservative scenario.
Bearish scenario: I will wait the price to break the low point from the daily supply and a retracement at the origin of the low impulse before I start selling.
For more info leave a comment!
Good luck and risk wisely!