XAU/USD Long - 30m - Pre NY Open - Nov 14 2022
Using one long term PF on the 4H, its obvious that we can drive again to the top after testing the major floor. Red parallel lines help us on lower time frames to enter more precisely.
1:2.5 trade but could have been more since market had volume to move and a smaller SL could have been used with the help of parallels. The parallels help with that in the sense we are more confident it will go up after it breaks/retests the first one.
1:2.5 trade but could have been more since market had volume to move and a smaller SL could have been used with the help of parallels. The parallels help with that in the sense we are more confident it will go up after it breaks/retests the first one.