Fx_Sheikh

Fx_Sheikh

Gold is overall bearish on the higher timeframes. An orderblock just got mitigated and it broke structure to the downside, when price returns to the mitigated orderblock it will sell again.

Fx_Sheikh

gold is going to go long at these prices, as price recently mitigated a bullish order block and structure was broken to the upside.

Fx_Sheikh

Price nicely approaching the 70% Fib level on the one hour which happens to confluence with the 1min bullish orderblock

Fx_Sheikh

Confluences = Fib + Supply zone Price is approaching a 4hr supply zone after breaking another zone.

Fx_Sheikh

Change of Character, so we wait for price to come back to the bullish orderblock to take a buy trade.

Fx_Sheikh

Price recently mitigated the 1H order block and broke structure to the downside creating a change of character, we await price to return to the next unmitigated order block to take a sell trade.

Fx_Sheikh

Price Already reacted strongly to the supply zone and now that it has come back to it, we take a sell.

Fx_Sheikh

This is a trade idea on gold, Gold is bullish on the 15m timeframe as price recently reacted of a bullish orderblock, so on returning to that orderblock, it will reach of it.