High Probability Short Position - XAU/USD

The price is clearly approaching a HTF High, which is potentially a strong high.
Now, given that the 4-hour timeframe is bullish and the lower timeframe (i.e. 15 minutes) is bearish, we can expect the 4-hour timeframe to be forming a swing pullback.
The extreme range considered on the 15-minute timeframe is a strong POI ( point of interest ) to sell to go along with this 4-hour structure pullback.
Of course, we should definitely manage our expectations from this sale because we know that this is a counter-trend 4-hour position.
Although it is considered trend-aligned on the 15-minute timeframe!



Keep in mind that if the price does not reach the upper zone, we can have a buy setup if confirmed by the Unmitigated 4H Zone, which I will investigate in more detail in future posts.

Regards ❤️