Hello Amigos
Today I Analysed XAUUSD
Weekly Timeframe:
-Hammer formed at the and of the week
(Representing: bullish pressure for the next weeks)
(change in momentum & bullish reversal signal)
Daily and 4h Timeframe
-Couple Spinning Tops where build which means buy momentum is going to exaust and changes bearish in this scenario.
-We are currently now in a Retracement Zone (SELL)
-Looking for a short term short to create an HL
tp1 at 1596.45
tp2 at 1584.50
if price comes to tp2 im looking for a buy too retest the last previos HIGH
which means tp2 can be the entry zone for a bullish swing
I know that know like corona etc can manipulate this Price Action Analyse
Happy Pips Like and Follow ME
Instagram: @Phil.hro
Today I Analysed XAUUSD
Weekly Timeframe:
-Hammer formed at the and of the week
(Representing: bullish pressure for the next weeks)
(change in momentum & bullish reversal signal)
Daily and 4h Timeframe
-Couple Spinning Tops where build which means buy momentum is going to exaust and changes bearish in this scenario.
-We are currently now in a Retracement Zone (SELL)
-Looking for a short term short to create an HL
tp1 at 1596.45
tp2 at 1584.50
if price comes to tp2 im looking for a buy too retest the last previos HIGH
which means tp2 can be the entry zone for a bullish swing
I know that know like corona etc can manipulate this Price Action Analyse
Happy Pips Like and Follow ME
Instagram: @Phil.hro