XAUUSD Swing Opportunity

After an intraday bearish cycle, price is now sitting at an area of potential high liquidty near the low od December 2020. Price is also sitting on a H4 OB with the potential of a bullish reversal around this price level. Entry at 1768.50 with 3 profit targets: 1810.900; 1844.500 and 1898.000.

Trade ist aktiv:

Price has now began its firm climb away from entry level

Kommentar:

If you missed the intitial entry, do not chase price. Theres a possibility price will move down and agressively trap below 1764.570 to take out early buyers and bring in some sellers to the market. This will possibily happen next week. If price were to keep rising, another entry opportunity will present itself at around 1810.900. It pays to be patient.