XAU/USD (Gold): Buying at market price using volumes
Hey guys,
Based on the previous volumes of the session, we can possibly determine the current pattern.
As you can see, a bearish and a bullish peak formed at two levels creating a resistance and a support, suggesting we could have a megaphone pattern.
Following this idea, it should be interesting to place a buy order at these levels and target the top of this pattern!
The R/R of this trade is slightly above 2. My target is around 1176.60 levels.
If you like my ideas please drop a comment or just show some love ;)
Trade with care!
Cheers
Jesse
Based on the previous volumes of the session, we can possibly determine the current pattern.
As you can see, a bearish and a bullish peak formed at two levels creating a resistance and a support, suggesting we could have a megaphone pattern.
Following this idea, it should be interesting to place a buy order at these levels and target the top of this pattern!
The R/R of this trade is slightly above 2. My target is around 1176.60 levels.
If you like my ideas please drop a comment or just show some love ;)
Trade with care!
Cheers
Jesse
Trade closed manually:
Taking profits on bearish volume coming in
