POTENTIAL SELL OPPORTUNITY ON XAU/USD
As we can see price has penetrated a higher TF POI and has broken structure to the downside.
This is suggesting that enough supply has been introduced into the market from the penetration of the POI to stop the higher TF bullish trend and start the next bearish trend.
What we want now is for price to finish putting in this fractal corrective wave so we can look to get introduced. What I have done is highlighted a fractal zone for you all that price could trail into before continuing bearish.
We want to see price penetrate this zone (1755.45-1756.26) , reject and break structure then we can look to enter in on this market! Any questions drop me a message or comment below
This is suggesting that enough supply has been introduced into the market from the penetration of the POI to stop the higher TF bullish trend and start the next bearish trend.
What we want now is for price to finish putting in this fractal corrective wave so we can look to get introduced. What I have done is highlighted a fractal zone for you all that price could trail into before continuing bearish.
We want to see price penetrate this zone (1755.45-1756.26) , reject and break structure then we can look to enter in on this market! Any questions drop me a message or comment below
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