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Dannlex
Apr 5, 2020 12:57 AM

XAUUSD - SHORT FROM SUPPLY ZONE Short

Gold/U.S. DollarFXCM

Description

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XAUUSD is at a daily supply zone, looking to short only if there is evidence of price wanting to fall through volume and break of H1 demand zones.

If new H1 demand zones are created I wait for the break of the most recent one.

If price continues out of D1 supply zone, will look to short at the next supply zone.

COMMENT what you guys think!

THIS IS ONLY MY OPINION AND SHOULD NOT BE TAKEN AS INVESTMENT ADVICE

Comment



Went ahead and adjusted demand zone on H1.
Also a break of H1 trendline wit close below demand zone
would give further confirmation for me
to open a position
Comments
transparent-fx
here is what my breakdown made me markup
Dannlex
@transparent-fx, Nice analysis! Price pushed up like you said, now awaiting a push to the downside
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