XAU/USD Short? Long? Who cares.
With all trades there are 3 outcomes.
Price goes up, sideways, or down.
Outcome A
If price breaks through the first level of resistance there is another just above, entering a long on the lower time frames would make sense in this outcome
Outcome B
Price trades sideways so we would do nothing.
Outcome C
Price breaks through the trendline and heads south, enter a short position on the break and close below the trendline.
Or enter on a continuation pattern/pullback.
Only 3 outcomes can occur.
Sit on your hands and wait for something to happen.
Price goes up, sideways, or down.
Outcome A
If price breaks through the first level of resistance there is another just above, entering a long on the lower time frames would make sense in this outcome
Outcome B
Price trades sideways so we would do nothing.
Outcome C
Price breaks through the trendline and heads south, enter a short position on the break and close below the trendline.
Or enter on a continuation pattern/pullback.
Only 3 outcomes can occur.
Sit on your hands and wait for something to happen.
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