As USD trembles, XAU makes its path upwards. I will enter above 0.618 fibo (see chart). Entering late will give me a better risk to reward ratio, sure, it does also decrease my chance of getting involved - but I will live with that.
Trend + structure were broken on the downside, which adds to the case with this 2618 trade.
Short could well be on now with stop above days high, RSI diverging to price on daily. Are you looking to get back on with a short?
timmynorin
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Hey @Capra! My reasons for entry are violated which means I wont get involved using those criterias. If a new opportunity (as of my rules) present itself then absolutely! But as of right now I'm not getting involved.