Hello guys, I hope you are doing well. We have the gold chart in 1 hour time frame:
For gold, if you remember, we had an bullish order block area, which moved up well upon reaching this area, and it has also started to move up in the return to the candlestick that was formed in one hour and the demand area was formed.
The point that is important in the one-hour...
I have interest in this orderblock/Supply zone. It has a great expansion or drop away from the level and it even left behind a fair value gap. But if price continues breaking swings to the downside, I will promptly lose interest in this sell set up. The drop, whether price retraces or not, is supported by the daily time frame where it seems that price is heading...
There is an Orderblock on the 5m with a fair value gap and a convincing expansion for me to see this as a sell opportunity. The target is just the take profit. Price can drop lower for the stack of liquidity below.
PRIZE reached the M15 FVG it left when it gave a massive down move, it broke the previous HL creating a CHOCH. WE took a short position from the mitigation of the M15 BEARISH OB that caused the CHOCH.
#TRADE WITH BIG GAINS AND TRADE THE BANK WAY
