XAUUSD Decision time.
IF BUY :
CONFIRMARTION : 1H close should sync with the 4H close above 1790 range ( more preferable set up as the current price is at the over sold area but the 1H buy momentum seems to be low )
PULLBACK : towards the 1790 area for discount price
ENTRY : At the first bullish engulfing of the miniature exhaustion phase
SL : At the structural HL of 1H or the low of the breakout 4H candle.
IF SELL:
CONFIRMARTION : 1H close below 1782.900 in sync with the 4H close.
PULLBACK : towards the 1782.900 area for discount price
ENTRY : At the first bearish engulfing of the miniature exhaustion phase
SL : At the structural LH of 1H or the high of the breakdown 4H candle.
Note :
For sell we can go aggressive after 1H close below 1785 ( LL formation ) but, to sync the 1H with 4H we are sticking with the given numbers
IF BUY :
CONFIRMARTION : 1H close should sync with the 4H close above 1790 range ( more preferable set up as the current price is at the over sold area but the 1H buy momentum seems to be low )
PULLBACK : towards the 1790 area for discount price
ENTRY : At the first bullish engulfing of the miniature exhaustion phase
SL : At the structural HL of 1H or the low of the breakout 4H candle.
IF SELL:
CONFIRMARTION : 1H close below 1782.900 in sync with the 4H close.
PULLBACK : towards the 1782.900 area for discount price
ENTRY : At the first bearish engulfing of the miniature exhaustion phase
SL : At the structural LH of 1H or the high of the breakdown 4H candle.
Note :
For sell we can go aggressive after 1H close below 1785 ( LL formation ) but, to sync the 1H with 4H we are sticking with the given numbers
There will be a discount - Even at the 4H TF.
Don't kill yourself over FOMO.