Looking at taking long positions given that the the USD index continues with gain and GOLD drops in value.
We are trading around the inner 4H/1H DEMAND AREA and we can see x2 Bullish reversal candle patterns from our 1H cahrt the Bullish engulfing pattern and the beraish pin bar. Now we are looking at a rally in price to our LTF supply area. We have to keep me that the HTF is in a Consolidation phase hance we are looking for LTF/intraday trades instead of swing trades.
We are trading around the inner 4H/1H DEMAND AREA and we can see x2 Bullish reversal candle patterns from our 1H cahrt the Bullish engulfing pattern and the beraish pin bar. Now we are looking at a rally in price to our LTF supply area. We have to keep me that the HTF is in a Consolidation phase hance we are looking for LTF/intraday trades instead of swing trades.