benalistarfx

Potential Crab Forming 🦀

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD - Potential Crab Forming, D point landing inside strong demand zone with lots of confluence, makes a very nice PRZ.

We've had a BOS on the 3H, price is bearish on the HTF also.

This move is following the HTF trend.

I do expect a slight push up before this potential down move (Based on the LTF analysis)

Let me know your thoughts!

** Disclaimer ***

These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.

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