GOLD - Weekly Order Block Antics
Updated
Last weeks trading was a stickyyy one still!
XAUUSD hammered into and past the weekly fair value gap located between 1993 - 2000* before sharply retracing from the lows @ 1984.37 last week Wednesday, 14th Feb 2024.
Since then,XAUUSD has been creating bullish engulfing candlesticks indicating either a run to an imbalance and inefficiencies or liquidity pools and in this instance, from the analysis gathered from a higher timeframe; Monthly, weekly and daily, it seems as though there might be a strong possibility of bullish price action going into the week with bearish order block inn the scopes @2039.27
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
XAUUSD hammered into and past the weekly fair value gap located between 1993 - 2000* before sharply retracing from the lows @ 1984.37 last week Wednesday, 14th Feb 2024. Since then,
XAUUSD has been creating bullish engulfing candlesticks indicating either a run to an imbalance and inefficiencies or liquidity pools and in this instance, from the analysis gathered from a higher timeframe; Monthly, weekly and daily, it seems as though there might be a strong possibility of bullish price action going into the week with bearish order block inn the scopes @2039.27My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
Order cancelled
$2034.86 is where we peaked before we witnessed a shift in market structure. Back to the drawing boardTrade closed: target reached
$2039.27 bearish daily order block was met on the last day of the trading week.My mistake was trying to force bias on the day I wanted.
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