Gold order block mitigation idea for q1 june
Trading idea for gold
Depending on buyer pressure, one of the two order blocks will likely to be mitigated this week.
Order block principles:
1) OB must take liquidity or have liquidity to take below
2) OB breaks something significant
3) OB is relevant to current price action
4) OB caused imbalance (made a fair value gap)
5) OB has a liquidity pool to target
Take care!
Peter
Depending on buyer pressure, one of the two order blocks will likely to be mitigated this week.
Order block principles:
1) OB must take liquidity or have liquidity to take below
2) OB breaks something significant
3) OB is relevant to current price action
4) OB caused imbalance (made a fair value gap)
5) OB has a liquidity pool to target
Take care!
Peter
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