Counter trend Opportunity 5min chart.

Name: Counter trend Opportunity 5min chart.
Uploaded: 2023-05-16T21:03:45.035085
Channel: DesharedPierreJr.
Description: Gold broke down to a Low on the 4H however it didn't confirm the break with a new bearish candle but rather an indecision candle followed by a bullish engulfing. This counter trend setup is based on a false break. the 1h TDI is still bearish. This setup is based on the 30min and 5min already up trending. This is attempting to buy the pullback.

Длинная

Золото / Доллар США (OANDA:XAUUSD)

OANDA:XAUUSD Золото / Доллар США

Support and Resistance Pivot Points Multiple Time Frame Analysis goldtradingstrategy Gold longsetup 5minuteschart buygold uptrend countertrend retracement

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Gold broke down to a Low on the 4H however it didn't confirm the break with a new bearish candle but rather an indecision candle followed by a bullish engulfing. This counter trend setup is based on a false break. the 1h TDI is still bearish. This setup is based on the 30min and 5min already up trending. This is attempting to buy the pullback.

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