XAUUSD SHORT POSITION
After an eventful (FED rate decision) session, the RSI is reading a position of over 70%. Im hoping to see a retrace from here, to create a lower low on the daily TF. My TP is set at around the 1845 coinciding with the bottom daily trend line.
This is not definitive as we are also expecting the Non Farm Pay Roll news on Friday at 12:30 GMT which is renowned for making the market dance.
There is also the possibility of a small upward push to the 78.6% Fibonacci retracement level and have set my stop loss to accommodate for this.
Good luck gamblers x
This is not definitive as we are also expecting the Non Farm Pay Roll news on Friday at 12:30 GMT which is renowned for making the market dance.
There is also the possibility of a small upward push to the 78.6% Fibonacci retracement level and have set my stop loss to accommodate for this.
Good luck gamblers x
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