Gold buy position
Prices reacted off the 15 minute orderblock from previous analysis. Prices has broken current down trend structure show by the BOS (Break of structure) and is looking to contiue higher, aligning with the the bullish daily bias. Looking for prices to enter FVG (Fair value gap) before entering a long position, targeting the high (Buy side liquidity). Stop loss below structure.
Note
Entry is at the top of FVG (1922.32), stop loss below below structure at 1918.60Note
Trade went past stop loss back into Bullish OB. On to the next!
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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.