Highest point buyers moved was 1321.87 which is the white line.
THEN SECOND lowest point 1319.60 which is the the yellow line
Then price moved down to 1318.25 to the purple line.
price moved lower each time so buyers are dying out.
However the new candle stick opened closer to the high then it did to the low of the candle. so thats why I'm going to wait to 1306 to sell.
because to much spikes happen near that zone looks like a trap zone. everytime near that support level it kept spiking up.
See the green candle look how it wicked up 50 pips and closed higher mad fake outs at that zone
and the daily candle that happen after the green one look how it closed higher! from that last wick it was at the pervious day
why didn't it close lower I'll be patient. If I’m going to sell at 1307.30 I’ll take profit like 1298.64
Risk reward
you wanna settle for 45 pips ?or 100 pips
THEN SECOND lowest point 1319.60 which is the the yellow line
Then price moved down to 1318.25 to the purple line.
price moved lower each time so buyers are dying out.
However the new candle stick opened closer to the high then it did to the low of the candle. so thats why I'm going to wait to 1306 to sell.
because to much spikes happen near that zone looks like a trap zone. everytime near that support level it kept spiking up.
See the green candle look how it wicked up 50 pips and closed higher mad fake outs at that zone
and the daily candle that happen after the green one look how it closed higher! from that last wick it was at the pervious day
why didn't it close lower I'll be patient. If I’m going to sell at 1307.30 I’ll take profit like 1298.64
Risk reward
you wanna settle for 45 pips ?or 100 pips
MRXAU