XAUUSD LONG - ASIA SESSION - 1:3 RR
Updated
Good Morning Traders,
Yesterday's price action confirmed a shift in intra-day trend direction from bullish to bearish. This is evidenced by the H1 Break of structure that took place.
A new trading range has now been created on the H1 which would provide opportunities plenty of opportunities for us to take advantage of
Asia Session
This morning, I'm looking to be a buyer below the day open price. This is in-line with the current 15mins bullish structure with an unmitigated buyside pool at 2430.44. After price trades above this price, I'm anticipating an opportunity to sell in-line with the higher time-frame trend for a larger R-R
Yesterday's price action confirmed a shift in intra-day trend direction from bullish to bearish. This is evidenced by the H1 Break of structure that took place.
A new trading range has now been created on the H1 which would provide opportunities plenty of opportunities for us to take advantage of
Asia Session
This morning, I'm looking to be a buyer below the day open price. This is in-line with the current 15mins bullish structure with an unmitigated buyside pool at 2430.44. After price trades above this price, I'm anticipating an opportunity to sell in-line with the higher time-frame trend for a larger R-R
Trade closed: target reached
Note
Now that price has reached a key area of buyside liquidity, I see an opportunity begin to develop for a sell continuation, however, this setup might not confirm until London open.
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