XAUUSD LONG PRE-LDN 09/01/21
XAUUSD LONG
Gold has been on a consecutive Break and Retest for the past weeks. as seen on the daily structure.
My anticipation of this Long position is based on that foundation. Coupled with a fakeout on the previous day (from my zone), the long wicks and orders from last night has to go somewhere. And it is most likely going to head up to tap the 4th August wick and fill it. Hence my target completes at that level.
Entry confirmation was based on breakout candle.
Gold has been on a consecutive Break and Retest for the past weeks. as seen on the daily structure.
My anticipation of this Long position is based on that foundation. Coupled with a fakeout on the previous day (from my zone), the long wicks and orders from last night has to go somewhere. And it is most likely going to head up to tap the 4th August wick and fill it. Hence my target completes at that level.
Entry confirmation was based on breakout candle.
Note
There are obviously nuances to the analysis that was not written, but the big agenda behind it was simply wickfill and B&R structure
Hold nothing sacred in search of truth
Hold nothing sacred in search of truth
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