Good Short idea Gold is Showing upside potential on the short term. supported by bearish order blocks and imbalance to the upside. I'm expecting to see a short term rally towards the order blocks and thats where I'll look for sells. As the market stands now, price is sitting just below a level of Liquidity. once this level is broken I'm expecting to see a rally up to the Orderblocks and once we are tapped in, we'll ride the drop down to previous low.
Orderblock
GBPJPY 15M SUPPLYI'm interested in a lower time frame supply zone within a higher time frame supply zone that is also an Upthrust After Distribution. The previous supply zone might prevent price from reaching my zone of interest but that is okay. My target is the support line when imbalance had occurred on the Daily, giving me a possible 1:11 RR.