$AGLD 4h Analysis
are you selling - Right now, I clearly expect a decline. I anticipate the price to rise to the 0.720-0.743 range and then continue downwards with selling pressure, first towards 0.707 and 0.697, and then towards 0.648.
- The best opportunity for a short position will occur with a reversal formation in the 0.720-0.743 range. If you see a pin bar, bearish engulfing, or a strong rejection candle after a liquidity hunt, you can enter the trade.
- If the price closes above 0.743 on the 4H chart and maintains that level, the bearish scenario will be canceled, and then the targets will be 0.771 and 0.817.
- For a long position, I won't rush; a liquidity hunt and a reversal signal below 0.648 are required.