Hi Traders,
PA on XAUUSD shows that theres an interest in liquidating Sell postions, together with upcoming FED NEWs i think Sell side positions dont have the power to secure further, due to high volatility .
Im planning to wait for a fakeout down - at least till 1835 or more and then wait for a simple breakout to enter the trade.
I will take my partials around 1848 if we dont see bearish reaction at this zone, price has a high probability to run into 1867 $ Zone
Gotta keep it safe, wait for the news and manage risk
PA on XAUUSD shows that theres an interest in liquidating Sell postions, together with upcoming FED NEWs i think Sell side positions dont have the power to secure further, due to high volatility .
Im planning to wait for a fakeout down - at least till 1835 or more and then wait for a simple breakout to enter the trade.
I will take my partials around 1848 if we dont see bearish reaction at this zone, price has a high probability to run into 1867 $ Zone
Gotta keep it safe, wait for the news and manage risk
Comment:
If we come up to 1850 and hold there, pretty good sign we will run to 1867$
Comment:
Stop is set to 1834,5