I’m more of a day trader and ‘ve been starring at the market structure since yesterday to understand what it’s saying and is far, I’ve been able to open a short position… Wonder what it’ll do next.
As seen in the chart, we already identified our trend, we also found our liquidity, what we are expecting is a break of structure. Once that happens, and the market reaches the POI, then we go short.
This strategy is all about having patience and not forcing signals where there isn’t. Let it tell you what it’s doing and let it come to you.
I guess it’s time I do swing trading… I have been doing researches on Order blocks for few days now and I decided to test it today with a live account.
Here is what I expect of the market in the coming week
On the 1H Tf there was a Head and Shoulder formed that indicated a thread change but not for long cos on the 24hr TF the head and shoulder was a way of completing a new higher low on the trend market. OANDA:XAUUSD