XAUUSD Opening Range Breakout Failure
Opening range for the year is the month of January. Opening range breakout failed in February and beginning the up move.
There were 3 levels of rise out of monthly highs.
Market structure broke down making a lower low and beginning a parabolic channel.
Looking for continued downside movement prior to channel capitulating to the downside.
I view this as a pump and dump and price should return back to the yearly lows in the range of 1820-1840
There were 3 levels of rise out of monthly highs.
Market structure broke down making a lower low and beginning a parabolic channel.
Looking for continued downside movement prior to channel capitulating to the downside.
I view this as a pump and dump and price should return back to the yearly lows in the range of 1820-1840
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