2 opportunities here on the XAUUSD 4 Hour timeframe. The first is a potential bullish bat pattern & the 2nd is a bearish continuation setup in advance of the bat pattern.
What the triggered the bearish continuation idea was the fact that price recently violated a previous level of structure support (B leg of potential bat pattern). Now we've already seen the initial pullback would would have been the first opportunity to get short, but IF we can violate the most recent structure low then that would give us a "fresh break" & allow us to once again look for another pullback & an opportunity to get short.
Akil
What the triggered the bearish continuation idea was the fact that price recently violated a previous level of structure support (B leg of potential bat pattern). Now we've already seen the initial pullback would would have been the first opportunity to get short, but IF we can violate the most recent structure low then that would give us a "fresh break" & allow us to once again look for another pullback & an opportunity to get short.
Akil
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