It is explained in great detail where we should take our position when there is a breakout
We should take Entry with Breakout or we should wait for pullback
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https://www.youtube.com/watch?v=dZcEzYEdkQg
?TOP DOWN ANALYSIS OVERVIEW?
biggest time frame yearly base on yearly gold is in a bull trend but current in a corrective phase
?Eagle eye: bull
Monthly: higher low /lower low formatted bear trend current candle is a retracement candle and also filled out discounted area of monthly time frame
weekly: extremely bearish in weekly now in a corrective phase and also fill out extream Imbalance area or FVG gap take a resistance here and also formed and key reversal weekly candle bear trigger event also occurred everything favour of bear right now even no volume on the weekly chart
1 Structure analysis time frame: h4
2 target time frame: h4
3 Current Move: impulse for h1
4 Entry Time Frame: h1
4.1 Entry TF Structure: bear
4.2 entry move: wait until 1752 and wait for some bearish signals
5 Support resistance base: weekly order block resistance and FVG resistance
6 FIB: trigger event Ok
7 candle Pattern: momentum Engulfing bull
8 Chart Pattern: higher low 1752, reversal start
9 Volume: no volume Compare to the whole move
10 Momentum UNCONVENTIONAL Rsi: Range shift for sideways to bull but only till 1765 extreme target
11 Volatility measure Bollinger bands: possible m pattern or volatility divergence at 1765, and we know well about it its also a reversal sign
13 Sentiment ROC: weaker than USD
14 final comment: wait till 1765, then sell for positional entry
15 : decision: wait
16 Entry: 1752
17 Stop losel: 1758
18 Take profit: 1730
19 Risk to reward Ratio:1:6
Excepted Duration: 2 days
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https://www.youtube.com/watch?v=WpXYGfMvii8
Analyze USD and Japanese Yen in great detail
All targets are for next week
Entry is a daily time frame
You can enter it after your research
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https://www.youtube.com/watch?v=UX68hzwsSYI