XAUUSD on the lower time frame is indicating a potential expansion move to the upside. I have identified the high and low of the consolidation zone.
Valid if: Awaiting the Bullish Order Block to form, and a retest into the Equilibrium before beginning expansion for buyers.
Invalid if: Failure to form Bullish OB and break of the Consolidation Low.
Happy trading and remember to always use proper risk management. Follow me for more trade ideas and be sure to leave a like or comment if you agree!
Valid if: Awaiting the Bullish Order Block to form, and a retest into the Equilibrium before beginning expansion for buyers.
Invalid if: Failure to form Bullish OB and break of the Consolidation Low.
Happy trading and remember to always use proper risk management. Follow me for more trade ideas and be sure to leave a like or comment if you agree!
Comment:
Sell stops triggered and sellers potentially trapped, waiting for bullish OB to form off Equilibrium before the bull run commences.