XAUUSD breaking out of falling wedge

2022年10月20日

- XAUUSD breaking out of falling wedge on 2hr. It's consists LH LLs.
- XAUUSD also tapped previous lows range and rejected it
- creating HH and HLs on ltf = Basically Gold's market structure is flipping to bullish
Entry when it confirms breakout of wedge
TP1 0.618 fib level
TP2 0.702 fib level
TP3 Top of the wedge

2022年10月20日

註釋

BOS and this is view on LTf ( lower timeframe)

2022年10月20日

註釋

Remember we need break above it and a confirmation before entering into it. 2hr candle closed with a big rejection wait for break and confirmation