Gold H4 Long Idea for OANDA:XAUUSD by thenotoriousfx

trendanalysis chartpattern waveanalysis xauusd btmm thenotoriousfx

Here are some reasons as to why Im taking a long position
- Trendline support (fakeout as indicated)
- Inverse H/S pattern

Ill update this analysis as we go along =)

Comment:

Trade still valid for a long to 1903 as take profit target
Technical perspective
- M15 formed a Head & Shoulders pattern
- H4 formed an inversed Head & Shoulders pattern

Fundamental perspective
- Both BioNTech & Phizer reported the covid 19 Vaccine requires a cold storage facility of -80 degrees in order to keep its potency

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