XAUUSD Trade Idea [2019-10-28] **CAUTION WEEKLY BULLISH**
New to analysis, let me know what you think.
- Legend -
Red - SL
Orange - Gap
Blue -EP
Green - TP
Purple - IPA
Money - Liquidity
Eye - POI
Target - FU Candle
Top IPA may be a target for a bullish movement later on
Confirmations:
POTENTIAL RETRACEMENT FOLLOWED BY A BULLISH MOVE (Weekly chart is Bullish, while hourly is Bearish)
1. Proof of Institutional candle
- Stops out liquidity
- Fast movement in opposite direction
2. Proof of Candle stick pattern: Bearish Engulfing .
3. Proof of Imbalance Price Action x3.
4. Proof of liquidity to be captured: Many Equal Lows.
5. Fib retracements confirm sell zones/Take profit zone:
- POI perfectly within range for the sell point.
- Liquidity and Bottom 2 IPAs sit perfectly in target zone.
**I AM NOT A FINANCIAL ADVISOR, ALWAYS USE PROPER RISK MANAGEMENT WHEN TRADING**
- Legend -
Red - SL
Orange - Gap
Blue -EP
Green - TP
Purple - IPA
Money - Liquidity
Eye - POI
Target - FU Candle
Top IPA may be a target for a bullish movement later on
Confirmations:
POTENTIAL RETRACEMENT FOLLOWED BY A BULLISH MOVE (Weekly chart is Bullish, while hourly is Bearish)
1. Proof of Institutional candle
- Stops out liquidity
- Fast movement in opposite direction
2. Proof of Candle stick pattern: Bearish Engulfing .
3. Proof of Imbalance Price Action x3.
4. Proof of liquidity to be captured: Many Equal Lows.
5. Fib retracements confirm sell zones/Take profit zone:
- POI perfectly within range for the sell point.
- Liquidity and Bottom 2 IPAs sit perfectly in target zone.
**I AM NOT A FINANCIAL ADVISOR, ALWAYS USE PROPER RISK MANAGEMENT WHEN TRADING**