XAUUSD... 4h review

2022년 5월 26일

Hi everyone

To see how the price has been supported by the dynamic trend line (orange)

here I shared 12H chart. so as you can see this is a very important trend line

and price bounced upward from this line after hitting several times .

......................................................
now on 4H chart if you look, the price is forming a bullish H&S.

So... for that purpose we need to see price drop to shape our right shoulder

and visit the support trend line one more time.

if and only if this scenario validate we can expect an upward pressure.

the long position only validate by the time the neck line of H&S break upward.

other support and resistant levels are on the chart.


Enjoy the market

2022년 5월 30일

액티브 트레이드

neck line of H&S is our key
price close above the neck line has chance for upward pressure to our targets.

2022년 6월 1일

액티브 트레이드

exactly moved as expected.

2022년 6월 7일

액티브 트레이드

retesting the neckline is logic but
if the price closed below our neckline should be cautious more.