We see downside liquidity get run and we push up to also break the the trendline, further capturing liquidity.
If price were to come back to that last down candle before the push up, I would expect a push up.
Two possible entries: the open of the candle(aggressive) and the 50%level.
I would scale into the lower tf and watch for accumulation to get an entry with...
Price has returned to a supply zone and an orderblock after taking out lower timeframe liquidity. Looking to to take this down to the next demand zone atleast and possibly continue it down further to 13100.
We see price return to a daily point of interest and react aggressively from there. We now have a opportunity to sell it after looking at the lower 5min tf. Stop loss is small and potential reward is huge.
We see a shift in direction towards the downside and would like to trade the continuation of this. If price can reach into the zone I have marked, I will be looking to sell it with a stop loss at 1791.
Targets are the green lines and overall swing target is 1680.000
Trade safe and only risk what you can afford to lose.
5 min distribution taking place after taking out upside liquidity from the highs. Im looking at taking this down, with the green horizontal lines as potential TPs.
With the economy strengthening and the dollar looking to rebound of its previous lows, we should see a nice drop on gold.
Trade safe and risk only what you can afford to lose. Leave a like if you like the idea
Would like to see liquidity get grabbed at the bottom, for price to then return to discounted area and mitigate the previous buy to sell type of candle.
Analysis is done in 5 min timeframe.
Remember trade safe and trade only what you can afford to lose
Do NOT risk more than 5%
Two possible Buy opportunities.
1st, more aggressive entry, we see a lower timeframe liquidity built up which has been ran. Would like price to come back down to the resistance/support, reject it and then fly up.
2nd, more conservative entry, looking for a lower timeframe mitigation from the last buy to sell candle. Saw structure being broke and we created a HH...
We see liquidity was created and we ran the liquidity.
Looking for a mitigation of that last sell-to-buy type of candle.
R:R seems very profitable so worth a risk.
Please allow a few points of difference depending on your broker.
If you like the buy and setup, drop a like.
Price went higher to clear the liquidity above the previous highs and reacted downwards. Looking for an entry based on the 30 min timeframe within the box. I've set an alert and will come to a conclusion on whether I should sell after I see how price reacts. The lines are my TPs and there is a 4hr imbalance zone at the bottom of the trend.