Asanato

GOLD - Swing Entry levels update

FX:XAUUSD   Gold Spot / U.S. Dollar
Hello Guys and Community !

Check out my Swing updated levels and Initial Balance Descriptions.


In the chart you can see Long / Short levels into which I enter directly through the limit and then I control them based on the volume . If the market does not respect the level and starts to form a volume in the negative zone, I try to end the position at the breakeven point or stoploss. I set the Profit Target according to RRR or according to key levels and S / R zones. These levels can also be traded from the other side, support becomes resistance and vice versa.

Key levels are usually traded by waiting for confirmation or some setup on a smaller TF. These are very strong levels at which turnovers often occur, so they consider them to be very successful and the advantage is that they are based on the Market Profile method, so they can trade in any market.

If you would like my free levels directly into your chart, write me message or comment, I will send you the indicator.

Initial Balance Descriptions

This is an area of initial equilibrium based on Market Profile and is calculated using various time frames, from intraday to Swing, Invest. In simple terms it is the range, maximum and minimum movements in price for a given time frame and it is multiplied (calculated) using the Fibonacci Sequence. This type of analysis and levels are respected by large institutions which makes them very strong trading zones. They are a key levels for our own trading but they can be used successfully in all makets. Thanks to the analysis of the Initial Balance range, we can predict with a high degree of certainty whether the upcoming period will be stable or volatile in terms of prices.



Share your ideas. analysis in comments!

Hope it helps, have a nice day!

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