📊 Bullish Analysis XAU/USD (15M)
The market has shown a Change of Character (CHoCH) and respected the 1H Order Block (OB), creating a strong bullish impulse after mitigating the 1H Fair Value Gap (FVG).
Following this move, a Break of Structure (BOS) has occurred, forming a New Higher High (HH), which confirms institutional intention to drive price higher and capture liquidity.
🔑 Projected Scenario
• A possible Fake Out + Rejection around the 4,294 support zone.
• Entry at 4,294 with Stop Loss at 4,261 (Risk/Reward ratio: 1:3).
• First target (TP1) at 4,357.
• Second target (TP2) at 4,400.
📌 Key Takeaways
• Institutions are likely to manipulate liquidity before continuation.
• Patience is required for confirmation at the rejection zone.
• Scaling out profits at TP1 and TP2 gives both security and flexibility in trade management.
✨ Motivational Note
Smart trading is not about predicting; it’s about preparing. Patience and discipline are the strongest weapons of a professional trader. 🚀. GOOD LUCK TRADERS ;)
The market has shown a Change of Character (CHoCH) and respected the 1H Order Block (OB), creating a strong bullish impulse after mitigating the 1H Fair Value Gap (FVG).
Following this move, a Break of Structure (BOS) has occurred, forming a New Higher High (HH), which confirms institutional intention to drive price higher and capture liquidity.
🔑 Projected Scenario
• A possible Fake Out + Rejection around the 4,294 support zone.
• Entry at 4,294 with Stop Loss at 4,261 (Risk/Reward ratio: 1:3).
• First target (TP1) at 4,357.
• Second target (TP2) at 4,400.
📌 Key Takeaways
• Institutions are likely to manipulate liquidity before continuation.
• Patience is required for confirmation at the rejection zone.
• Scaling out profits at TP1 and TP2 gives both security and flexibility in trade management.
✨ Motivational Note
Smart trading is not about predicting; it’s about preparing. Patience and discipline are the strongest weapons of a professional trader. 🚀. GOOD LUCK TRADERS ;)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.