XAUUSD Buy Opportunity: Strategic Targets and Bullish Signals!
Updated
Greetings, Traders!
Brief Description🖊️:
Currently, on XAUUSD, I am observing bullish momentum entering the market. The price has retraced into discount prices of the impulsive leg, taking discount sell stops multiple times, which suggests order pairing. This occurs within discount prices, where the logic is to buy in discount prices and sell in premium prices. A strong order block is supporting the price, as its mean threshold is continuously being rejected. This order block is considered inducement due to the sell stop liquidity resting above it. The price is currently supported by a bullish order block, indicating a potential buying opportunity.
Things I Have Seen👀:
Bullish Targets📉:
What's Important Now❗
If the price confirms a buy, manage your trades as you see fit. Consider scaling out your position at these objectives to optimize your trading strategy.
Best Regards,
The_Architect
Brief Description🖊️:
Currently, on XAUUSD, I am observing bullish momentum entering the market. The price has retraced into discount prices of the impulsive leg, taking discount sell stops multiple times, which suggests order pairing. This occurs within discount prices, where the logic is to buy in discount prices and sell in premium prices. A strong order block is supporting the price, as its mean threshold is continuously being rejected. This order block is considered inducement due to the sell stop liquidity resting above it. The price is currently supported by a bullish order block, indicating a potential buying opportunity.
Things I Have Seen👀:
- Bullish Momentum📈: The market shows signs of bullish order blocks continuously supporting the price.
- Order Pairing🟢: Smart money entering buy orders against sell stop liquidity within discount prices.
- Order Block Support🟢: A strong order block, with its mean threshold repeatedly rejected, indicates robust support.
Bullish Targets📉:
- Buy Stop Liquidity: Above failure swings, which possess engineered liquidity.
- Daily FVG: The second target.
- Main Draw on Liquidity: The final target, an order block with inefficiencies such as the liquidity void and the FVG that need to be filled.
What's Important Now❗
If the price confirms a buy, manage your trades as you see fit. Consider scaling out your position at these objectives to optimize your trading strategy.
Best Regards,
The_Architect
Trade closed: target reached
1st Bullish Target ReachedBuy Stop Liquidity: Above failure swings, which possess engineered liquidity has been reached.
Comment: The other objectives still stand and I am looking forward to those bullish objectives having to be met.
Refer:
Best Regards,
The_Architect
Trade active
I am anticipating a further draw into the FVG. For a deeper understanding of why I expect this movement, watch the video below. It covers the Fair Value Gap Theory, Gold Narrative, and Entry Strategies.Refer:
Gold Video Analyzing:
Best Regards,
The_Architect
Trade closed: target reached
Daily FVG Target Reached!TP=4R
Comment: Like I mentioned in the Gold Video Analysis, yesterday we wanted to buy price in a discount in order to take profits at a premium. I spoke through the key levels being the mitigation block where we would see price being supported, as well as Fair Value Gap Theory, that helped us to pick the right FVG that price would look to support.
We can anticipate further draws towards the upside, such as the H4 FVG as well as the Bearish orderblock. We will see todays NFP Impact.
Refer:
Best Regards,
The_Architect
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