This extreme sell will become invalid if there opposite extreme was formed, example: extreme buy.
For now there no Extreme buy, so surely we focus on going short is the best choice.
On Weekly, we can see there CSM sell, Reentry sell.
This week CS is the first cs really reach to Ma5 10 high. Next week monday will be the 2nd cs, our entry cs on the reentry MaHi Weekly.
When this reentry is a successful reentry, there will be a probability for gold xauusd price to move until previous HL.
Before that going to happen, Daily must have full sell setup first.
But now on daily tf, there csm buy from a full setup buy daily.
and there a potential for price to react on this reentry buy daily after csm
to complete its full setup sell for reentry sell on weekly.
My action for this pair is, i probably wait or reentry buy on daily, and get on the trade on full setup buy on h4. Once price reach Reentry Weekly Sell, I will look for sell setup to follow my major trend analysis.
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