1 Hour XAUUSD

By McNificent
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In This chart I chose to make 2 different entry points each. For my Buy's I first placed an entry once I notice a retest above the purple diagonal resistance and have that as my entry and Have my TP at 1508.68. Or I would leave that one out and wait for the next confirmation which is for a bullish close above the previous 3rd wick and then wait to see if it breaks and retests on 1508.68 as my 2nd Entry having 1517.56 as TP1.

And wait to see what happens next and continue into my buy.

Or if it potencially goes for a sell i would either wait for a breakout and a retest on the purple diagonal support and make that my 1st entry or I wait and wait and enter for 1436.43, trusting for a breakout and retest outside 1493.09 and make that my second entry and have 1480.14 as my TP 1.

I hope this is understandable to you guys.
Let me kno how it goes.

Dennis
Trend Analysis

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