Looking for sells

XAUUSD is still Bearish. I think next week we are gonna see a rectracement to this ''Imbalance''.

My reason: 80% of the traders will say "oh look a double bottom it will reverse again"

But based on my rules an thoughts I think we are gonna see a retracement from the move this week and it will show some price action. After that I will place my entry and TP right on the Liquidity.

Entry: 1641.021
Stoploss: I need to see price action first around this area 1641.021
Take profit: 1613.328

Any advice is welcome!

Kommentera:

I didn't took the Sell. I was looking for a retracment, because the buy looked way too easy. To bad it already launched from my level. I was waiting for liquidity to take out.

analysis: W
trade: NO
Profit: Knowledge

Kommentera:

I even put a Stoploss line to show where I would place my buy if the sell was done.