XAUUSD SHORT IDEA
What is happening here?
We can clearly see that the price is currently on a descending channel, the price broke the resistance line which is the top yellow one to induce retail traders to buy.
After the market maker makes his move he's going to stop inducing retail traders to long (buy), and shift from that zone to a major bearish move.
Wait for StopHunt to the high and a peak formation to enter the trade.
We can clearly see that the price is currently on a descending channel, the price broke the resistance line which is the top yellow one to induce retail traders to buy.
After the market maker makes his move he's going to stop inducing retail traders to long (buy), and shift from that zone to a major bearish move.
Wait for StopHunt to the high and a peak formation to enter the trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.