Xauusd Day TF ....Selling on a Rally....
1. The price has moved below the EMA 20.
2. The price has dropped to test the EMA50 + Fibo Cluster overlap line around 1925-1931 but has not passed.
#strategy#
Support 1925-1931 is a very strong support because it is a Fibo cluster and EMA 50.
Therefore, it is expected that the price will have to go up before going to the zone 1956-1959 before falling again 1890.
As always, orders placed must have a stop loss point.
good luck
1. The price has moved below the EMA 20.
2. The price has dropped to test the EMA50 + Fibo Cluster overlap line around 1925-1931 but has not passed.
#strategy#
Support 1925-1931 is a very strong support because it is a Fibo cluster and EMA 50.
Therefore, it is expected that the price will have to go up before going to the zone 1956-1959 before falling again 1890.
As always, orders placed must have a stop loss point.
good luck