After a clean sweep of the Previous Day’s Low (PDL) on XAUUSD, price reacted sharply, grabbing liquidity and signaling a possible shift in order flow. This forms the first pillar of my CRT model (Candle Range Theory): Sweep, Break, Retest.
Following the sweep, we observed a strong Break of Structure (BOS), indicating bullish intent. We will then wait for price to retrace back to a FVG at a discount, and then execute the trade.
The stop loss was logically placed just beneath the PDL sweep and FVG zone, protecting against deeper liquidity hunts. Take profit targets the next high where resting buy-side liquidity is likely to be engineered.
This setup checks all the boxes:
This is a great example of how patience and a structured approach can create high-probability setups.
Following the sweep, we observed a strong Break of Structure (BOS), indicating bullish intent. We will then wait for price to retrace back to a FVG at a discount, and then execute the trade.
The stop loss was logically placed just beneath the PDL sweep and FVG zone, protecting against deeper liquidity hunts. Take profit targets the next high where resting buy-side liquidity is likely to be engineered.
This setup checks all the boxes:
- Sweep of PDL ✅
- BOS confirming shift ✅
- FVG retest for refined entry ✅
- Solid RR and clean narrative ✅
This is a great example of how patience and a structured approach can create high-probability setups.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.