Clean Gold Distributions
Been having a slow month, missing some good set ups because of personal reasons and took some small losses. But I decided to clear my charts and minimize the number of pairs I look at altogether. Allowing myself to lock in on just 1 or 2 pairs. Here's a great Gold set up I found on the 5min TF. (Cant share the charts under 15m, my apologies) Picked a previous Supply zone on the daily Chart then refined it down and waited for price to enter it (My POI). Once reached I monitored price till I spotted a Clean distribution schematic develop on the 5min chart. Then as price became bearish I continued watching it in hopes of a possible second schematic to form. Found a solid 5min OB. And after a second schematic formed and solid touch of my new Poi, entered my position. Making my TP another small TF buyside OB below the current Price Action. Was feeling down from my previous losses but this trade reminded me to stick to my strategies, keep my mental sharp and take advantage when set ups present themselves. Consistency is key and learning from lose to continue to grow and be better is essential. Safe Trading !!
Related publications
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.