Gold has been very bullish, leaving tons of liquidity behind.
Price always retrace before continuing to move.
I don't ever call the tops nor bottoms. But I pay attention to market structure. If there's a shift in structure, I look for possible entries.
I noticed a structure change on the 1hr, so I'm looking entries at the retracement of the supply zone created on last friday.
High Risk trade, as it's against the overall momentum
Like & comment for more ideas
Follow if appreciate the breakdowns.
Price always retrace before continuing to move.
I don't ever call the tops nor bottoms. But I pay attention to market structure. If there's a shift in structure, I look for possible entries.
I noticed a structure change on the 1hr, so I'm looking entries at the retracement of the supply zone created on last friday.
High Risk trade, as it's against the overall momentum
Like & comment for more ideas
Follow if appreciate the breakdowns.
Note
RRR is almost a 3:1 if triggeredOrder cancelled
Price nevr retraced to AOI before creating new new Lower Low. Making the trade Nulled and void
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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.