XAUUSD Short Idea

19 июн. 2021 г.

The market usually moves in Impulse-Correction-Impulse phases. The chart attached shows the impulse and correction leg having already occured, with the final phase underway. This is where we can look to capitalize. An ascending triangle formed on the support zone, with the price breaking both soon after. What we are waiting for now is a confirmation in the way of a retest of the support (now resistance) zone and trendlines (forming the triangle), which we will then execute as illustrated.