As we see, on the chart of XAUUSD, a high probabilistic trade is appeared in 1 hour time frame. Firstly, the trend is downward and it touches very strong trendline of downward Rectangle again and previously price touched and push back down by big money.
Secondly, price supports the level of 200 Exponential Moving Average and cloud. As like other pervious swing trade of this week, price again touched fib 78.6 and ready to go short again to down below the specified arrow price range until we expect a trend reversal on Tuesday. As you see the magnitude of the arrow indicates how much price can be moved by big money as the magnitude of the arrows were consistently assured in the past.
Hopefully On Monday and Tuesday price will follow the specified range and retrace back until we get another range for swing trade for the next week.
Though it is a late night Friday Forecast, but we get a high probabilistic idea of the next week price direction, we expect Price Entry: 1782.22 and Take Profit will be 1767.13 and Stop Loss will be 1793.00.
What you think?
Secondly, price supports the level of 200 Exponential Moving Average and cloud. As like other pervious swing trade of this week, price again touched fib 78.6 and ready to go short again to down below the specified arrow price range until we expect a trend reversal on Tuesday. As you see the magnitude of the arrow indicates how much price can be moved by big money as the magnitude of the arrows were consistently assured in the past.
Hopefully On Monday and Tuesday price will follow the specified range and retrace back until we get another range for swing trade for the next week.
Though it is a late night Friday Forecast, but we get a high probabilistic idea of the next week price direction, we expect Price Entry: 1782.22 and Take Profit will be 1767.13 and Stop Loss will be 1793.00.
What you think?