XAU Short for 30M/1H and Long for Long term
This is an Idea not a Guide/Advice
Hope you all been well and profiting. Last week has been an interesting range of diversions from the Bull trend due to retracements and fundamental reports.
For up coming 17th, I have explored the possibilities for the coming 30M and 1H and will personally Short in short term as its looking to retrace. I will be on the look for reversal or breakouts. If this is the case, I will instantly take a long as it's the main trend up to the Major trend.
Reasons I am Short in 30M to 1H
As Soon as It reverse from Supporting structures, I will presume that it is back onto Bull trend until around 1860 area. When this area is reached, I will re-assess whether it will will break the Major trend or not.
May luck be all on your side.
Hope you all been well and profiting. Last week has been an interesting range of diversions from the Bull trend due to retracements and fundamental reports.
For up coming 17th, I have explored the possibilities for the coming 30M and 1H and will personally Short in short term as its looking to retrace. I will be on the look for reversal or breakouts. If this is the case, I will instantly take a long as it's the main trend up to the Major trend.
Reasons I am Short in 30M to 1H
- Identified Cup formation
- identified FRVP is in line with the support
- EMA collision
As Soon as It reverse from Supporting structures, I will presume that it is back onto Bull trend until around 1860 area. When this area is reached, I will re-assess whether it will will break the Major trend or not.
May luck be all on your side.