TradingView
melikatrader94
Aug 30, 2022 6:56 AM

short and long position for xauusd 

GoldOANDA

Description

hello guys

As you can see in the chart, after forming several drives and divergence, the price has broken the drive line and started a downward movement.
After Sharp's move (or movement with high momentum) , this scenario is repeating itself, but this time it has formed two drives.

There are two areas with high potential to take a long position.

The first area or the first scenario:
It is possible that the first liquidity range will be formed after the break and engulfment, so you can wait for the long confirmation in this area.

The second range or the second scenario:
This range can be formed on the QML AND DP

The TARGET of both POSITION is the end of the first drive that I have shown in the CHART!


always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
BE PROFITABLE
Comments
TheNewsCrypto
Very Good Chart style, Thanks for sharing
melikatrader94
@TheNewsCrypto, thank you
DemoDiaryFX_Trading
my take on gold is more bearish these days
melikatrader94
@DemoDiaryFX_Trading, of course main movement is bearish
Sangam-Agarwal
nice work
melikatrader94
@Sangam-Agarwal, my pleasure
LearningForex
Nice chart 👍
melikatrader94
@LearningForex, thank you
melikatrader94
@LearningForex,

it is bearish for sure
totozadh
You don't know anything about chart 🤣🤣🤣🤣
More