STOP/ENTRY/TP - XAUUSD - LONG ( 3.2% )
Momentum swing higher.
Fib retrace. Acting as a barrier for move lower.
Pivot level in the way of stop and PA currently
Entry north of R1 slightly.
EMA dynamic support to assist.
DONKEY INDICATOR points to a move higher.
Fib retrace. Acting as a barrier for move lower.
Pivot level in the way of stop and PA currently
Entry north of R1 slightly.
EMA dynamic support to assist.
DONKEY INDICATOR points to a move higher.
Comment:
Bias looks like it was correct, the entry point wasn't. The hope was a low spiking candle tapped me in at better value than the 0.382 entry point. Currently trade is off the table. Re-assessment warranted now.