XAUUSD Intraday Opportunities Sep 4
Hey it's me again. Let's take a look at opportunities for Sep 4th.
We're currently in Asia day session and at the point of writing, the momentum is on the upside flirting around the closest resistance of 1940 region. As some of you may have read, my view is more towards bearishness therefore I will be looking for opportunities to short the market.
I will be looking for potential weakness in the market before opening a short. If market create a spike to 45-48 region and rejected with long tail then that's our signal to enter. In between if you're scalping, just be vary of the zones and trade using bollinger bands.
Key zones to watch
1945-1948 for shorts,
1933-1935 for potential longs
For swing short entry, tp should be below 1930 and for swing long tp should not exceed 1950.
Please DYODD and adjust your risk and reward ratio for intraday trades.
We're currently in Asia day session and at the point of writing, the momentum is on the upside flirting around the closest resistance of 1940 region. As some of you may have read, my view is more towards bearishness therefore I will be looking for opportunities to short the market.
I will be looking for potential weakness in the market before opening a short. If market create a spike to 45-48 region and rejected with long tail then that's our signal to enter. In between if you're scalping, just be vary of the zones and trade using bollinger bands.
Key zones to watch
1945-1948 for shorts,
1933-1935 for potential longs
For swing short entry, tp should be below 1930 and for swing long tp should not exceed 1950.
Please DYODD and adjust your risk and reward ratio for intraday trades.
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