XAU/USD

5 thg 1, 2023

Caught this beautiful Gold trade. If you look on the 4Hr you can see price wicked at that area, now looking at the next candle on the 4Hr the next candle wicked but it wicked lower than the last candles high which indicated to me that price wanted to go down, when you look at the 1Hr chart you can see price had great momentum but once it touched that zone it slowed down and kept wicking which showed me that my resistance was a strong resistance area, so i put a SellStop below the previous blue candle and entered off there taking the trade to my next zone. I wasn't watching my chart but for others, you when price makes that new LH at my entry that could've been another re entry! But yes i put a SellStop below the previous blue candle and entered off there taking the trade to my next zone.