XAUUSD
Here is our view and update on XAUUSD. Potential short opportunity.
As per our last mind, we were waiting for signs of exhaustion on XAUUSD. We have also broken the structure and our KL (Key Level) 2737.
In detail,
As price on XAUUSD has broken our KL (Key Level) that’s sitting at 2737, it has also broken the upside structure. We are entering at the break of our KL at 2737.811 with SL sitting at 2749.285 as it would invalidate the trade idea and continue the bullish movement creating new highs. Our TP (Take Profit) is sitting at the previous ATH (All Time High) 2685.
PARAMETERS
- Entry: 2737.811
- SL: 2749.285
- TP: 2685.800
KEY NOTES
- XAUUSD price is showing exhaustion.
- XAUUSD broke our KL (Key Level).
- The bullish structure has been broken.
- Breaking above our SL would result in more upside.
Happy trading!
FxPocket
As per our last mind, we were waiting for signs of exhaustion on XAUUSD. We have also broken the structure and our KL (Key Level) 2737.
In detail,
As price on XAUUSD has broken our KL (Key Level) that’s sitting at 2737, it has also broken the upside structure. We are entering at the break of our KL at 2737.811 with SL sitting at 2749.285 as it would invalidate the trade idea and continue the bullish movement creating new highs. Our TP (Take Profit) is sitting at the previous ATH (All Time High) 2685.
PARAMETERS
- Entry: 2737.811
- SL: 2749.285
- TP: 2685.800
KEY NOTES
- XAUUSD price is showing exhaustion.
- XAUUSD broke our KL (Key Level).
- The bullish structure has been broken.
- Breaking above our SL would result in more upside.
Happy trading!
FxPocket
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