XAUUSD 3hr Chart Divergence + pin bar in Demand Zone on HTF
Buying soon, given a short term bullish divergence and candle formation
Target 1 is a combination of a supply zone on a lower time frame and a 38.2% retracement of the recent decline - this will still be a 2:1 trade, if it grinds higher into the supply overhead (at which point I would likely short) then it will be a nice 6:1 trade
Still bearish but will try for a quick snap back rally into a sell area to reestablish a short again
Target 1 is a combination of a supply zone on a lower time frame and a 38.2% retracement of the recent decline - this will still be a 2:1 trade, if it grinds higher into the supply overhead (at which point I would likely short) then it will be a nice 6:1 trade
Still bearish but will try for a quick snap back rally into a sell area to reestablish a short again
Trade active
Trade closed: stop reached:
And sometimes you are just plain wrong