XAU- Perhaps a spring up to follow harmonic confluence?
Hi,
A short proposal based on harmonic confluence and price structure.
We can, using Wykoff theory within a consolidating period, presume that there will be a trap below the current micro-structure.
From that, there will be aggressive demand coming in from the lower demand level. This should boost momentum and catch any retail SL at this level.
It will then follow the harmonic structure to meet a confluence point, higher up and at a key supply level.
Fundamentals:
DXY has been on a tear however, with much of the strength priced in, we are fair to say that we should see weakness.
A short proposal based on harmonic confluence and price structure.
We can, using Wykoff theory within a consolidating period, presume that there will be a trap below the current micro-structure.
From that, there will be aggressive demand coming in from the lower demand level. This should boost momentum and catch any retail SL at this level.
It will then follow the harmonic structure to meet a confluence point, higher up and at a key supply level.
Fundamentals:
DXY has been on a tear however, with much of the strength priced in, we are fair to say that we should see weakness.
Trade active
Trade active:
Moving SL to breakeven.
This trade now has zero risk.
This trade now has zero risk.