Alikze »» XAUUSD| Descending channel - 1H
🔍 Technical analysis: Descending channel - 1H
- It is moving in a descending channel in the 1H time frame.
- It is shaded in the area of the bottom of the downward channel that there is an OB in the liquidity area.
- There is an FVG gap in the 30MIN time frame.
- Therefore, it can have a correction by filling the gap up to the liquidity area.
In the FVG area, in case of selling pressure and confirmation, it can have a return to the liquidity area and after that it will grow again up to the channel ceiling.
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XAUUSD
- It is moving in a descending channel in the 1H time frame.
- It is shaded in the area of the bottom of the downward channel that there is an OB in the liquidity area.
- There is an FVG gap in the 30MIN time frame.
- Therefore, it can have a correction by filling the gap up to the liquidity area.
In the FVG area, in case of selling pressure and confirmation, it can have a return to the liquidity area and after that it will grow again up to the channel ceiling.
»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
XAUUSD 
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