XAUUSD Bullish Trading Plan, with previous analysis linked in Related Ideas
📉 Text marks: 🔹IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL. 🔹ph, pl = protected high or low, which holds current structural impulse. 🔹bos = break of structure . Based on candle body close below/above previous structural impulse. 🔹rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup. 🔹if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation. 🔹liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
🚀Thanks for your BOOSTS and support🚀 💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
Comment
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There's a mistake in the text description to the right hand side of the chart. It should say: Daily is now aligned with weekly
Definitely adding more longs into portfolio at all the possible major zones!
leelanny196
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Hi, this is the first time I've seen you videos! But I think people will be more likely to find you if you do a live stream on TradingLive!
DemoDiaryFX_Trading
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@leelanny196, hey Lee, thanks for your comment. Being thinking for some time to do live stream. Will surely do))
leelanny196
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@DemoDiaryFX_Trading, Wow, got it! Thank u for sharing! You analyzed it really well, if you have a live stream on TradingLive or Youtube, I will definitely come.
UnknownUnicorn15614419
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The asset should test the levels more for the scenario to be confirmed. Thanks for sharing the vision!
DemoDiaryFX_Trading
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@TradingStat, thanks))
Solldy
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Thank you for the detailed analysis of potential asset movements, it was very helpful. It’s very interesting to observe your reasoning on technical analysis.
DemoDiaryFX_Trading
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@Solldy, hey Solldy, thank you for you kind comment. Very much appreciated!