This is my opinion, based on the market structure, we could conclude that HnS pattern could appear.
As we can see, the neckline already been break which give us the new Lower Low (LL).
In my eyes, GOLD IS GOING DOWN!!
We have a Double top on H4
QM and trendline breaking on H1
and Also an evening star on M15
so we can enter to the market by sell position here
but with 2:2 RR,
Also we can wait for price to move up for a better entery and lower risk with 3:3 or 4:4 RR
Good Luck <3
Price show strong buy momentum . At ltf, price has break previous resistance and supposedly to retest and continue moving upwards.
Reason buy :
- Confluence with TL.
- Higher TF shows QM setup for sell .
After price hit TP. We can enter sell and watch it melt like butter. Thank you
The $54000 level should not have been engulfed, however you should think about the SHORT position indicated in the entry point chart. Stop at the top of the red box
We have more losses after the 5May timeline, be careful
I marked the h4 qm zone in blue for you and a nice S/R flip Guppy has done... the upper yellow zone is my ltf QM area iam looking for a ahort entry ....of course price could break this zone if that happens its important to have plan B ...and plan B is for sure the retest of the broken structure.... but for now iam focused on plan A and a short at the choosen...
Looking for a potential continuaion to the upside.
We have clear indication that institutional orders are in the market due to these lows and stop runs.
How can we use this to find high probability setups?
Institutional traders act differently to retail traders, retails don't have anywhere near the same size capital so they accept a % loss whenever they place a...
Second liquidity trap of the day.
Such a simple setup, and such a simple ethos behind the strategy. Find where others are going to get stopped and stop them out.
Usually US Bank Holidays are quiet and I'm not so active, but today we've smashed the liquidity traps.