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Thrill9r
Oct 23, 2023 1:18 PM

XAUUSD SELL Short

GoldOANDA

Description

Gold has been very bullish, leaving tons of liquidity behind.
Price always retrace before continuing to move.
I don't ever call the tops nor bottoms. But I pay attention to market structure. If there's a shift in structure, I look for possible entries.

I noticed a structure change on the 1hr, so I'm looking entries at the retracement of the supply zone created on last friday.

High Risk trade, as it's against the overall momentum


Like & comment for more ideas

Follow if appreciate the breakdowns.

Comment

RRR is almost a 3:1 if triggered

Order cancelled

Price nevr retraced to AOI before creating new new Lower Low. Making the trade Nulled and void
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