TRADING OPPORTUNITY FOR XAU/USD
XAU/USD 15M - As you can see from the screenshots provided price has traded up and into a fractal area of Supply found within the higher timeframe area of Supply.
We should look to go short in this market riding price lower, with price not giving us entry confirmation initially and it being only a penetration before this large drop we should look for price to pullback into a more fractal area.
For those who are pre-emptive you may look to just go short and edge your positions, moving SL to entry and bringing it forward as soon as you can, this is an option. For those who are wanting a safer entry, we would want to see price pullback into a valid area.
I have gone ahead and marked out an area above I feel price could come to trade up and into before taking us lower in the market, this area represents an area of Supply. This would allow us to get involved with a refined entry.
We should look to go short in this market riding price lower, with price not giving us entry confirmation initially and it being only a penetration before this large drop we should look for price to pullback into a more fractal area.
For those who are pre-emptive you may look to just go short and edge your positions, moving SL to entry and bringing it forward as soon as you can, this is an option. For those who are wanting a safer entry, we would want to see price pullback into a valid area.
I have gone ahead and marked out an area above I feel price could come to trade up and into before taking us lower in the market, this area represents an area of Supply. This would allow us to get involved with a refined entry.
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