Market structure of XAUUSD in 4h and 15min timeframes
4H swing is bullish => Currently it is a pullback wave
M15 swing is bullish => Currently it is a pullback wave
We can look for selling opportunities down to the Demand zone of the 15 minute time frame
M15 swing is bullish => Currently it is a pullback wave
We can look for selling opportunities down to the Demand zone of the 15 minute time frame
Comment:
Price broke through the strong swing bottom of the 15-minute time frame and showed a bearish reversal signal.
We can look for short selling opportunities when the price rises again to the OB area of the 4-hour frame
We can look for short selling opportunities when the price rises again to the OB area of the 4-hour frame
We can only buy when M15 gives a rising CHoCH signal