So I have 3 scenarios happening in my mind but I am waiting for XAUUSD to figure out what the hell it wants to do.
1) Price will spike up to hit 1555 (yellow line) and then drop down to PoR where I have a Buy Limit
2) Price will drop below 1530 (orange line) make a few retests and then drop down to PoR where I have a Buy Limit
3) Price will sky rocket above 1555 (yellow line) where I will wait until price tests around 1550 for a Market Buy Order
So at this point, it is a wait and see....
( I did mark a short position on the chart but my trade with XAUUSD is long. )
1) Price will spike up to hit 1555 (yellow line) and then drop down to PoR where I have a Buy Limit
2) Price will drop below 1530 (orange line) make a few retests and then drop down to PoR where I have a Buy Limit
3) Price will sky rocket above 1555 (yellow line) where I will wait until price tests around 1550 for a Market Buy Order
So at this point, it is a wait and see....
( I did mark a short position on the chart but my trade with XAUUSD is long. )