XAUSD - Using HOW levels for a break and retest!

Identify what signal a market is showing you.
TYPES IOF SIGNAL DAYS
- First red/green day
- Dump/Pump
- Inside day

Frame the Trade play
- Reversal
- Continuation

Identify the Levels
- HOW/LOW
- Session High/LOW
- Friday Closing Price.

Trade Explanation

On the previous week XAUUSD triggered 3 days of breakout traders into the market closing in breakout. On Monday we have a FRD signal that sets up a next day trade opportunity. A retest of a previous weeks high gave us an indication of a retest/reversal trade on day 3 below Fridays closing price. Into the NY session this market quickly displaced back to Friday day 1 LOD level. Going into Tuesday day 2 we had the test of a weekly level and reversal above a session high closing below the Friday closing price. The break of a previous weeks high triggered more breakout traders into the market however it failed. We know day 2 typicall expands the range on Monday for a great parabolic trade setup right to as previous days low.

NO GUESSING, NO FOMO, NO FEAR, NO STRESS!

- Friday Closing Price (Entry)
- Previous HOW (Stop)
- PDL (Target)