munmeeth

munmeeth

"Gold has trapped buyers, closing below a key demand zone that also served as support on the 1-hour timeframe. To approach this setup strategically, let the price retrace to the 0.5 or 0.618 Fibonacci level. Avoid entering trades immediately as it reaches these levels; instead, wait for a clear formation of lower lows to confirm the setup. Keep in mind that the...

munmeeth

"Gold recently broke the trendline, but note that it did not close below its lows on the 15-minute timeframe. Many traders might have entered right after the breakout or retest, but it's crucial to confirm whether lows are actually breaking before taking any position. Currently, gold has broken our key order block and retraced for a possible retest or a buyer...

munmeeth

"As anticipated, BTC offered a solid buying opportunity after breaking through the order block. I entered the trade following a confirmed break on the 15-minute timeframe, with a retest and rejection on the 5-minute timeframe. My stop-loss is positioned below the swing low, with the target profit near the next upper order block. I've already secured 40% profit at...