A 1000 points pull back from a major down leg since July 9.
My trading plan is to wait for a chance to sell XAUUSD at a high price, possibly 1242.00.
H1 has an uptrend structure. When H1 has broke its structure, it's a good sign to enter sell and hold for a longer term because D1 is a downtrend.
In the short term, it is good to find opportunity to buy in XAUUSD. Keep in mind that D1 structure is still downtrend, when there is an opportunity to sell, its good to enter for a longer term trade.
My trading plan is to wait for a chance to sell XAUUSD at a high price, possibly 1242.00.
H1 has an uptrend structure. When H1 has broke its structure, it's a good sign to enter sell and hold for a longer term because D1 is a downtrend.
In the short term, it is good to find opportunity to buy in XAUUSD. Keep in mind that D1 structure is still downtrend, when there is an opportunity to sell, its good to enter for a longer term trade.
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Congrats on those that managed to enter during opening hours. 3pm volume pushed price up 700 points, at our target demand area (1220.38). I didn't managed to get in. Lesson learnt. H1 inside bar break out is a good entry signal.