XAU/USD Case study/Sniper entry TYPE
The first thing we observe in the 1D timeframe is that the price respected the structure, I have been creating HH and LH in the 4H timeframe and in correlation with the others. Seeing the price correction, we see that it has broken the liquidity zone and filled part of the GAP of the last LH.
1º ENTRY In the first entry we break the LH and confirm our 30 min OB, which mitigates it perfectly
2º ENTRY Given the first confluence and bullish alignment of all the time frames, we open a trade below the liquidity zone, since that zone is a consolidation zone and the market tends to sweep in both directions to take out the market retailers. My point of interest is a 30 min OB.
The confluence I received for a possible trend reversal was the tap on my KEY LEVEL 1760.00. I expect a swing to the 1954.50 point, a total of 1650 pips in profit from our position.
1º ENTRY In the first entry we break the LH and confirm our 30 min OB, which mitigates it perfectly
2º ENTRY Given the first confluence and bullish alignment of all the time frames, we open a trade below the liquidity zone, since that zone is a consolidation zone and the market tends to sweep in both directions to take out the market retailers. My point of interest is a 30 min OB.
The confluence I received for a possible trend reversal was the tap on my KEY LEVEL 1760.00. I expect a swing to the 1954.50 point, a total of 1650 pips in profit from our position.
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