XAUCHF on the 1H timeframe has successfully tested a double-bottom support zone, confirming liquidity absorption before initiating a strong bullish leg. The market has since shifted structure by printing Higher Highs (HH), signalling that buyers have regained control.
With momentum now favoring the upside, the ideal trading plan aligns with buying on Higher Lows (HL) within the trend rather than chasing extended candles. RSI is maintaining strength without showing divergence, which supports continuation rather than reversal. As long as the recent HL structure remains intact, pullbacks into demand zones may offer high-probability long setups
With momentum now favoring the upside, the ideal trading plan aligns with buying on Higher Lows (HL) within the trend rather than chasing extended candles. RSI is maintaining strength without showing divergence, which supports continuation rather than reversal. As long as the recent HL structure remains intact, pullbacks into demand zones may offer high-probability long setups
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.