darylxen

XAUUSD July 22 2020 Analysis

Long
darylxen Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
July 11 2020 @ 632pm
Still getting used to this whole Trading Journal aspect.

Last idea published is private. Still is, and not even sure how to make it public. But c'est la vie!

Here we're looking at XAUSUD. Straight forward.

Adopted a KillZone Strategy using SmartMoney concepts and Top Down Analysis with Market Structure.

COLOR CODE:
Purple = MONTH
White = DAY
Blue = 4H
Yellow = 1H
Green = 15MIN

I've got a long set from current price. Just making an entry to see how it plays out.

DREW IN channels from MONTH to DAILY to 4H to 1H for structure.
Checked out the 1H trend and made a 15MIN entry.

Let's see how it plays out NEXT WEEK.

Comment:

Still learning how to do the before and after shots with the same idea.

But TP SMASHED.

Looks like XAUUSD may INVALIDATE the 15 upper zone and go for the 4H upper zone.

If 4H upper zone gets INVALIDATED then I'll be looking for HLs to be formed and the 4H BULL CHANNEL to be respected.

Time will tell.
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